GTS Securities LLC Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Heck Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $2,593,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $451,458,000. Princeton Global Asset Management LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Csenge Advisory Group raised its stake in shares of Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after purchasing an additional 4,134 shares during the last quarter. Finally, WealthShield Partners LLC lifted its holdings in shares of Fidelity National Information Services by 27.4% in the fourth quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider's stock valued at $2,221,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS traded down $0.61 during trading hours on Monday, hitting $79.00. The stock had a trading volume of 3,950,664 shares, compared to its average volume of 3,472,886. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company's fifty day simple moving average is $76.13 and its 200 day simple moving average is $77.55. The stock has a market cap of $41.50 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

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 for the quarter, topping 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $1.33 earnings per share. The company's revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. Fidelity National Information Services's payout ratio is 105.96%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird upped 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. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. UBS Group upped their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods dropped 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 research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company's stock.

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.