Vanguard Group Inc. Sells 391,094 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Vanguard Group Inc. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,278,665 shares of the information technology services provider's stock after selling 391,094 shares during the period. Vanguard Group Inc. owned about 11.75% of Fidelity National Information Services worth $5,111,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pathstone Holdings LLC lifted its stake in shares of Fidelity National Information Services by 3.0% in the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider's stock worth $3,096,000 after acquiring an additional 1,093 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $265,000. Eagle Asset Management Inc. purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $8,375,000. Great Valley Advisor Group Inc. grew its position in shares of Fidelity National Information Services by 20.7% during the third quarter. Great Valley Advisor Group Inc. now owns 5,109 shares of the information technology services provider's stock worth $428,000 after buying an additional 877 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Fidelity National Information Services by 117.1% during the third quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider's stock valued at $4,017,000 after buying an additional 25,870 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded down $0.04 on Tuesday, hitting $74.25. The company had a trading volume of 2,919,562 shares, compared to its average volume of 3,375,832. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The stock has a 50 day moving average price of $74.67 and a 200 day moving average price of $81.33. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap 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.

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 for the quarter, beating analysts' consensus estimates 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 business posted $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm 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 dividend of $0.40 per share. 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 payout ratio is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FIS shares. Barclays decreased their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. UBS Group lowered their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Compass Point lowered their target price on 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock 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.