Axa S.A. Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

AXA S.A. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,450 shares of the information technology services provider's stock after selling 10,109 shares during the period. AXA S.A.'s holdings in Fidelity National Information Services were worth $1,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $2,593,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the 4th quarter worth $3,227,000. Princeton Global Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $2,313,000. Finally, Csenge Advisory Group boosted its stake in shares of 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 during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 0.6 %

Fidelity National Information Services stock traded up $0.44 during mid-day trading on Friday, reaching $78.36. 3,409,715 shares of the company were exchanged, compared to its average volume of 3,513,339. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The business has a fifty day moving average of $73.85 and a 200 day moving average of $78.71. The firm has a market cap of $41.20 billion, a P/E ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.33 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Analyst Ratings Changes

Several brokerages have commented on FIS. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Compass Point lowered their price objective on 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. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. Barclays lowered their price objective on shares of 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, Royal Bank of Canada lowered their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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.