Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Sunriver Management LLC

Sunriver Management LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 307,401 shares of the information technology services provider's stock after selling 98,376 shares during the period. Fidelity National Information Services comprises approximately 3.0% of Sunriver Management LLC's holdings, making the stock its 19th largest position. Sunriver Management LLC owned 0.06% of Fidelity National Information Services worth $24,829,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. R Squared Ltd bought a new stake in Fidelity National Information Services in the 4th quarter valued at $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the third quarter worth about $37,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. Grove Bank & Trust boosted its stake in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after buying an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings 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 buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Up 8.7 %

FIS stock traded up $5.99 during mid-day trading on Friday, reaching $74.63. The company had a trading volume of 8,057,028 shares, compared to its average volume of 3,502,740. The firm has a 50 day moving average of $71.39 and a 200 day moving average of $79.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a market capitalization of $39.53 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

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, 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 prior year, the company posted $0.94 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FIS shares. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective 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. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their target price for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of "Hold" and an average target price of $88.89.

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.