Mn Services Vermogensbeheer B.V. Sells 19,300 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 216,200 shares of the information technology services provider's stock after selling 19,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Fidelity National Information Services were worth $16,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FIS. Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC increased its position in Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after buying an additional 208,127 shares in the last quarter. Boston Partners raised its stake in Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after buying an additional 446,544 shares during the period. Norges Bank acquired a new position in Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. Finally, Invesco Ltd. boosted its holdings in Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after acquiring an additional 632,328 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insiders Place Their Bets

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

Fidelity National Information Services Trading Up 2.0%

FIS stock traded up $1.56 during midday trading on Monday, hitting $80.91. The company had a trading volume of 2,575,919 shares, compared to its average volume of 3,423,641. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The stock 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. The stock's 50 day moving average price is $77.56 and its 200 day moving average price is $77.23.

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, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company posted $1.33 EPS. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be 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 is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of analyst reports. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $79.00 to $86.00 in a report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. UBS Group increased their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Stephens lifted their price objective on shares of 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, Oppenheimer upgraded shares of 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 research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.

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.