Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by VeriStar Capital Management LP

VeriStar Capital Management LP reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,282 shares of the information technology services provider's stock after selling 9,102 shares during the quarter. Fidelity National Information Services comprises about 6.7% of VeriStar Capital Management LP's investment portfolio, making the stock its 9th biggest position. VeriStar Capital Management LP's holdings in Fidelity National Information Services were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $30,000. Morse Asset Management Inc bought a new position in Fidelity National Information Services in the 3rd quarter valued at $37,000. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Grove Bank & Trust increased its stake in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after buying an additional 399 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 250 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $0.57 during midday trading on Tuesday, reaching $78.55. The company had a trading volume of 3,425,600 shares, compared to its average volume of 3,540,531. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The business's 50-day simple moving average is $72.44 and its 200 day simple moving average is $79.38. 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 $41.61 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 previous year, the company posted $0.94 earnings per share. On average, analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.04%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research analyst reports. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Compass Point lowered their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $89.29.

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.