California State Teachers Retirement System Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

California State Teachers Retirement System lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 892,324 shares of the information technology services provider's stock after selling 12,215 shares during the quarter. California State Teachers Retirement System owned 0.17% of Fidelity National Information Services worth $72,073,000 as of its most recent filing with the SEC.

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

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.23 on Friday, reaching $78.94. 3,190,995 shares of the company were exchanged, compared to its average volume of 3,525,656. The company has a 50-day moving average of $73.15 and a 200-day moving average of $79.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $41.51 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the company earned $0.94 EPS. Equities analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued 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 2.03%. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

FIS has been the topic of several research reports. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Monday, April 21st. Royal Bank of Canada cut their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Morgan Stanley cut their target price 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. Finally, Stephens decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $89.29.

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.