Assenagon Asset Management S.A. Sells 10,416 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Assenagon Asset Management S.A. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 23.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,334 shares of the information technology services provider's stock after selling 10,416 shares during the period. Assenagon Asset Management S.A.'s holdings in Fidelity National Information Services were worth $2,564,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $451,458,000. Csenge Advisory Group increased its position in Fidelity National Information Services by 44.4% in the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after buying an additional 4,134 shares during the period. WealthShield Partners LLC increased its position in Fidelity National Information Services by 27.4% in the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider's stock worth $2,221,000 after buying an additional 5,913 shares during the period. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $347,000. Finally, DnB Asset Management AS grew its holdings in shares of Fidelity National Information Services by 92.9% during the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after purchasing an additional 88,875 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Barclays decreased their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated 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 directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 2.0%

Shares of FIS opened at $80.91 on Tuesday. The stock has a fifty day moving average price of $77.82 and a two-hundred day moving average price of $77.19. 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, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) 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 the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.98%. Fidelity National Information Services's payout ratio is 105.96%.

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.

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