Victory Capital Management Inc. Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Victory Capital Management Inc. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 244,607 shares of the information technology services provider's stock after selling 23,334 shares during the period. Victory Capital Management Inc.'s holdings in Fidelity National Information Services were worth $18,267,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $347,000. Teacher Retirement System of Texas increased its holdings in Fidelity National Information Services by 763.9% during the fourth quarter. Teacher Retirement System of Texas now owns 32,181 shares of the information technology services provider's stock worth $2,599,000 after buying an additional 28,456 shares during the last quarter. Virtu Financial LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth about $799,000. LPL Financial LLC increased its holdings in Fidelity National Information Services by 0.5% during the fourth quarter. LPL Financial LLC now owns 216,823 shares of the information technology services provider's stock worth $17,513,000 after buying an additional 1,001 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Fidelity National Information Services by 3.0% in the fourth quarter. Prudential Financial Inc. now owns 1,342,287 shares of the information technology services provider's stock worth $108,417,000 after purchasing an additional 38,555 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $1.51 during mid-day trading on Friday, hitting $81.92. 2,694,227 shares of the company traded hands, compared to its average volume of 2,280,698. The stock has a market cap of $43.04 billion, a price-to-earnings ratio of 54.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a fifty day moving average price of $80.36 and a 200-day moving average price of $76.88.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. On average, equities analysts predict 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIS shares. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Monday, April 21st. Finally, Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. One investment 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. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

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.