Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Decreased by Royal Bank of Canada

Royal Bank of Canada lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 27.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,007,676 shares of the information technology services provider's stock after selling 384,154 shares during the period. Royal Bank of Canada owned 0.19% of Fidelity National Information Services worth $81,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors increased 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 worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fidelity National Information Services by 1.6% during 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 during the last quarter. Boston Partners grew its position 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 valued at $968,326,000 after buying an additional 446,544 shares during the last quarter. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $635,202,000. Finally, Invesco Ltd. grew its position 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 valued at $611,682,000 after buying an additional 632,328 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FIS shares. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. UBS Group boosted their price objective on shares of 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. Morgan Stanley lowered their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. 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 report on Wednesday, April 23rd. Finally, Compass Point decreased their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One investment 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Fidelity National Information Services Trading Up 1.4%

Shares of NYSE:FIS opened at $80.99 on Tuesday. The company has a 50 day moving average of $74.94 and a 200-day moving average of $78.16. The firm has a market cap of $42.55 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $1.33 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 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.

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