Arizona State Retirement System Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Arizona State Retirement System decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,784 shares of the information technology services provider’s stock after selling 3,707 shares during the quarter. Arizona State Retirement System’s holdings in Fidelity National Information Services were worth $12,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $2,593,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $2,313,000. Csenge Advisory Group lifted its holdings in Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after purchasing an additional 4,134 shares in the last quarter. Finally, WealthShield Partners LLC lifted its holdings in Fidelity National Information Services by 27.4% during the fourth quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock valued at $2,221,000 after purchasing an additional 5,913 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FIS shares. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Morgan Stanley lowered their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.65.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 701 shares of the 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 completion of the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 1.1 %

Shares of FIS opened at $70.41 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $76.56 and its 200 day moving average is $82.07. The stock has a market capitalization of $37.30 billion, a PE ratio of 26.98, a P/E/G ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a fifty-two week low of $66.72 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 business earned $0.94 earnings per share. Sell-side analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.27%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.