Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 543,376 shares of the information technology services provider's stock after selling 22,156 shares during the quarter. Sei Investments Co. owned 0.10% of Fidelity National Information Services worth $43,889,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FIS. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services during the fourth quarter worth about $451,458,000. KBC Group NV boosted its stake in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after acquiring an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB increased its stake in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock valued at $48,927,000 after purchasing an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Finally, Boston Partners boosted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after purchasing an additional 446,544 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Fidelity National Information Services Trading Down 0.1 %

Shares of Fidelity National Information Services stock traded down $0.04 during trading hours on Tuesday, hitting $74.25. The company's stock had a trading volume of 2,919,562 shares, compared to its average volume of 3,375,832. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $39.33 billion, a PE ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.10. The business has a fifty day moving average of $74.67 and a 200 day moving average of $81.33. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm earned $0.94 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.15%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Analyst Ratings Changes

FIS has been the subject of several research reports. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Finally, Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and an average target price of $88.65.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.