Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Foresight Global Investors Inc.

Foresight Global Investors Inc. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,690 shares of the information technology services provider’s stock after selling 2,200 shares during the period. Foresight Global Investors Inc.’s holdings in Fidelity National Information Services were worth $882,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIS. Vanguard Group Inc. boosted its position in shares of Fidelity National Information Services by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Information Services by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after buying an additional 121,154 shares in the last quarter. Northern Trust Corp grew its position in Fidelity National Information Services by 10.6% during the third quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock worth $410,280,000 after buying an additional 708,947 shares during the period. London Co. of Virginia increased its holdings in Fidelity National Information Services by 59.4% in the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock valued at $390,731,000 after buying an additional 2,633,196 shares in the last quarter. Finally, Baupost Group LLC MA boosted its stake in shares of Fidelity National Information Services by 2.7% during the 3rd quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock worth $384,691,000 after acquiring an additional 185,219 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 0.5 %

FIS stock traded down $0.34 during mid-day trading on Thursday, hitting $73.71. 3,933,048 shares of the company were exchanged, compared to its average volume of 4,475,390. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $75.71. The firm has a fifty day simple moving average of $70.93 and a 200 day simple moving average of $62.99. The company has a market capitalization of $41.39 billion, a PE ratio of -7.21, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its board has approved a stock repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on FIS. Barclays raised their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. TD Cowen raised their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Thursday, April 11th. Finally, Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.11.

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.