Bessemer Group Inc. Sells 3,422 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bessemer Group Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,248 shares of the information technology services provider's stock after selling 3,422 shares during the quarter. Bessemer Group Inc.'s holdings in Fidelity National Information Services were worth $915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $347,000. SVB Wealth LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $511,000. Smartleaf Asset Management LLC lifted its holdings in shares of Fidelity National Information Services by 17.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,235 shares of the information technology services provider's stock valued at $180,000 after purchasing an additional 326 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after purchasing an additional 137 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Fidelity National Information Services by 33.1% during the 4th quarter. Jones Financial Companies Lllp now owns 7,715 shares of the information technology services provider's stock worth $623,000 after purchasing an additional 1,918 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 owned 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was 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. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. UBS Group lifted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note 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 for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Stock Performance

FIS traded up $0.40 during trading hours on Friday, reaching $81.67. The company's stock had a trading volume of 1,293,048 shares, compared to its average volume of 3,364,569. The company's 50-day moving average is $79.66 and its 200-day moving average is $76.96. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The firm has a market cap of $42.91 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend 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.