Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 91.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,413 shares of the information technology services provider's stock after selling 46,560 shares during the period. GTS Securities LLC's holdings in Fidelity National Information Services were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors grew its position in shares of Fidelity National Information Services by 3.8% in the 4th 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 acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 208,127 shares during the period. Boston Partners boosted its holdings in shares of 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 bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $635,202,000. Finally, Invesco Ltd. boosted its holdings in shares of Fidelity National Information Services by 9.1% during the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after buying an additional 632,328 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 1.5%

Shares of FIS stock traded up $1.21 on Friday, hitting $79.48. The stock had a trading volume of 5,576,856 shares, compared to its average volume of 3,486,578. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $76.05 and a 200 day moving average price of $77.76. The company has a market cap of $41.76 billion, a PE ratio of 30.45, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.33 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business 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 is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on FIS shares. TD Cowen upgraded shares of 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 note on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays reduced their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird increased 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 note on Friday, April 4th. One equities research 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. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services 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.