Louisiana State Employees Retirement System Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Louisiana State Employees Retirement System decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,000 shares of the information technology services provider’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fidelity National Information Services were worth $2,342,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $2,593,000. Avanza Fonder AB bought a new position in Fidelity National Information Services during the 4th quarter valued at about $3,227,000. Princeton Global Asset Management LLC bought a new position in Fidelity National Information Services in the 4th quarter worth about $2,313,000. CENTRAL TRUST Co grew its stake in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after acquiring an additional 10,452 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth about $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS opened at $68.84 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $62.17 and a 52-week high of $91.98. The firm’s fifty day simple moving average is $80.53 and its two-hundred day simple moving average is $82.78.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the prior year, the business earned $0.94 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.32%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $87.95.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were purchased 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 owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

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.