BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $23.84 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,095 shares of the information technology services provider's stock after selling 159,613 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of Fidelity National Information Services worth $23,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Fidelity National Information Services in the fourth quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. CoreCap Advisors LLC increased its holdings in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Fidelity National Information Services by 70.2% in the fourth 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. Finally, Avion Wealth increased its holdings in shares of Fidelity National Information Services by 503.0% in the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 508 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIS. Robert W. Baird increased their price target 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. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Stephens increased their price target 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, William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services Stock Down 0.0%

FIS stock traded down $0.01 during mid-day trading on Friday, reaching $78.33. The company had a trading volume of 1,696,779 shares, compared to its average volume of 3,488,912. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $75.54 and a two-hundred day simple moving average of $77.99. The company has a market capitalization of $41.15 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. As a group, equities analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services's payout ratio is 105.96%.

Fidelity National Information Services Company 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.