OLD National Bancorp IN Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

OLD National Bancorp IN cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 45.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,587 shares of the information technology services provider's stock after selling 6,342 shares during the period. OLD National Bancorp IN's holdings in Fidelity National Information Services were worth $567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIS. Kennebec Savings Bank increased its stake in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $40,000. CoreCap Advisors LLC raised its stake in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Avion Wealth boosted its position in shares of Fidelity National Information Services by 503.0% in the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after buying an additional 508 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 371 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased 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 in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.4%

Shares of FIS traded up $0.35 during trading hours on Wednesday, hitting $81.45. The stock had a trading volume of 209,291 shares, compared to its average volume of 3,439,006. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market cap of $42.79 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company's fifty day simple moving average is $76.87 and its 200 day simple moving average is $77.38.

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 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.96%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Wells Fargo & Company lowered their price target 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Finally, Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $79.00 to $86.00 in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

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.