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

Vanguard Group Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) 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 fund 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 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the last quarter. 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 purchasing an additional 446,544 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $451,458,000. 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 purchasing an additional 538,514 shares during the last quarter. Finally, FMR LLC lifted its stake in Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after acquiring an additional 174,673 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

FIS opened at $73.38 on Monday. 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $38.87 billion, a PE ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.10. The firm has a 50 day moving average of $74.76 and a two-hundred day moving average of $81.39.

Fidelity National Information Services (NYSE:FIS) 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 analysts’ consensus estimates 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 quarter last year, the firm posted $0.94 earnings per share. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. UBS Group lowered their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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.