Baird Financial Group Inc. Sells 13,003 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Baird Financial Group Inc. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 760,788 shares of the information technology services provider's stock after selling 13,003 shares during the period. Baird Financial Group Inc. owned 0.14% of Fidelity National Information Services worth $61,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Heck Capital Advisors LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Avanza Fonder AB acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $2,313,000. Finally, Csenge Advisory Group grew its stake in Fidelity National Information Services by 44.4% during the 4th 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 last quarter. Institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price 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. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Finally, Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 0.6 %

Shares of Fidelity National Information Services stock traded up $0.44 during trading hours on Friday, hitting $78.36. 3,409,715 shares of the company's stock traded hands, compared to its average volume of 3,513,339. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a 50 day simple moving average of $73.85 and a 200-day simple moving average of $78.71. The company has a market cap of $41.20 billion, a PE ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $1.33 earnings per share. Fidelity National Information Services's quarterly revenue was up 2.6% on a year-over-year basis. Equities 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 Announces Dividend

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

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.