Groupama Asset Managment Has $1.32 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Groupama Asset Managment decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,347 shares of the information technology services provider’s stock after selling 25,995 shares during the quarter. Groupama Asset Managment’s holdings in Fidelity National Information Services were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $30,000. Morse Asset Management Inc bought a new stake in Fidelity National Information Services in the third quarter valued at about $37,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $40,000. Grove Bank & Trust boosted its holdings in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after buying an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after buying an additional 250 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $75.79 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.23 and a beta of 1.06. 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 business has a 50-day moving average of $74.12 and a 200-day moving average of $80.93.

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 for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.94 EPS. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna downgraded 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 report on Wednesday, February 12th. Compass Point reduced their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.65.

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.