Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Decreased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,912 shares of the information technology services provider's stock after selling 11,170 shares during the period. Treasurer of the State of North Carolina owned about 0.05% of Fidelity National Information Services worth $23,416,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FIS. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Morse Asset Management Inc acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $40,000. Grove Bank & Trust lifted its position in shares of 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 boosted its stake in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $1.35 during trading on Tuesday, hitting $70.01. The stock had a trading volume of 3,529,054 shares, compared to its average volume of 3,474,411. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $37.09 billion, a P/E ratio of 26.83, a PEG ratio of 1.23 and a beta of 1.06. The business has a fifty day moving average of $72.07 and a two-hundred day moving average of $80.00.

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 (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the business earned $0.94 EPS. On average, sell-side analysts expect 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend 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 is 61.30%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. UBS Group decreased their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock 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 stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus 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.