State of Tennessee Department of Treasury Sells 50,329 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

State of Tennessee Department of Treasury trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,736 shares of the information technology services provider's stock after selling 50,329 shares during the period. State of Tennessee Department of Treasury's holdings in Fidelity National Information Services were worth $16,537,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Fidelity National Information Services in the 4th quarter worth approximately $30,000. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $37,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the fourth quarter worth $40,000. Grove Bank & Trust boosted its holdings in Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 250 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $79.17 on Wednesday. The firm has a market cap of $41.94 billion, a P/E ratio of 30.33, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 50 day moving average of $71.64 and a 200 day moving average of $79.61.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the previous year, the company earned $0.94 earnings per share. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the company from $79.00 to $86.00 in a research report on Monday. Finally, Wells Fargo & Company decreased their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.05.

Fidelity National Information Services Company 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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.