Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 948,558 shares of the information technology services provider's stock after selling 171,449 shares during the period. Fidelity National Information Services comprises about 2.5% of Sound Shore Management Inc. CT's holdings, making the stock its 19th biggest holding. Sound Shore Management Inc. CT owned 0.18% of Fidelity National Information Services worth $76,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIS. State Street Corp increased its position in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Boston Partners grew its stake in Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after acquiring an additional 446,544 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $451,458,000. The Manufacturers Life Insurance Company lifted its stake in Fidelity National Information Services by 13.8% in the 3rd 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 in the last quarter. Finally, FMR LLC grew its position in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after purchasing an additional 174,673 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.04 during mid-day trading on Tuesday, hitting $74.25. 2,919,562 shares of the stock were exchanged, compared to its average volume of 3,375,832. The stock's fifty day simple moving average is $74.59 and its two-hundred day simple moving average is $81.28. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.94 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is 61.30%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIS. Stephens reduced their price target 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. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Compass Point decreased their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group dropped their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and an average target price of $88.65.

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.