Vinva Investment Management Ltd Sells 29,558 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Vinva Investment Management Ltd lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,338 shares of the information technology services provider's stock after selling 29,558 shares during the period. Fidelity National Information Services makes up about 0.7% of Vinva Investment Management Ltd's investment portfolio, making the stock its 26th largest holding. Vinva Investment Management Ltd's holdings in Fidelity National Information Services were worth $17,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth $451,458,000. KBC Group NV increased its holdings in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock worth $48,927,000 after acquiring an additional 562,154 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after acquiring an additional 538,514 shares during the period. Finally, Boston Partners grew its holdings in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after acquiring an additional 446,544 shares during the period. Institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $1.03 during mid-day trading on Friday, reaching $73.38. The stock had a trading volume of 6,912,484 shares, compared to its average volume of 3,382,426. 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 company has a market cap of $38.87 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. 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 moving average price is $74.76 and its 200 day moving average price is $81.40.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its 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 period in the prior year, the company earned $0.94 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's payout ratio is currently 61.30%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on FIS shares. Morgan Stanley cut their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a 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. Compass Point cut their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Susquehanna downgraded 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 report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $88.65.

About Fidelity National Information Services

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.