Artemis Investment Management LLP Cuts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Artemis Investment Management LLP reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 75.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,333 shares of the information technology services provider's stock after selling 247,436 shares during the quarter. Artemis Investment Management LLP's holdings in Fidelity National Information Services were worth $5,925,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kennebec Savings Bank lifted its stake in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $40,000. CoreCap Advisors LLC increased its holdings in shares of Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after buying an additional 371 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Fidelity National Information Services by 34.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock valued at $51,000 after purchasing an additional 175 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.90 during mid-day trading on Friday, hitting $80.90. The company had a trading volume of 4,300,733 shares, compared to its average volume of 3,361,075. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The stock's 50 day moving average price is $79.42 and its 200-day moving average price is $76.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $42.51 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $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 forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Analyst Ratings Changes

Several equities analysts recently commented on FIS shares. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Robert W. Baird raised 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 report on Friday, April 4th. Finally, Royal Bank Of Canada dropped their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

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.