Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 4,294 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 114,470 shares of the information technology services provider’s stock after selling 4,294 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fidelity National Information Services were worth $9,246,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. iA Global Asset Management Inc. lifted its holdings in shares of Fidelity National Information Services by 20.3% during the 4th quarter. iA Global Asset Management Inc. now owns 27,731 shares of the information technology services provider’s stock valued at $2,240,000 after purchasing an additional 4,686 shares in the last quarter. Magnetar Financial LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $616,000. Teacher Retirement System of Texas lifted its stake in Fidelity National Information Services by 763.9% in the 4th quarter. Teacher Retirement System of Texas now owns 32,181 shares of the information technology services provider’s stock valued at $2,599,000 after acquiring an additional 28,456 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Fidelity National Information Services by 7.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 247,859 shares of the information technology services provider’s stock valued at $20,020,000 after acquiring an additional 16,396 shares in the last quarter. Finally, Stokes Family Office LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $250,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on FIS shares. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $88.65.

Insider Buying and Selling at Fidelity National Information Services

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

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $73.38 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $74.76 and its two-hundred day moving average price is $81.40. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 last year, the business posted $0.94 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. 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 dividend payout ratio is currently 61.30%.

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.