Jefferies Financial Group Inc. Sells 10,610 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Jefferies Financial Group Inc. has decreased its stake in Fidelity National Information Services by 40.2%, reducing its holdings to 15,767 shares valued at approximately $1.18 million.
• Fidelity National Information Services shares fell by 8.7%, trading at $72.13, with a market cap of $37.90 billion and a twelve month low of $66.51.
• The company has announced a quarterly dividend of $0.40 per share, yielding 2.2%, while its payout ratio stands at 105.96%.

Jefferies Financial Group Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 40.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,767 shares of the information technology services provider's stock after selling 10,610 shares during the period. Jefferies Financial Group Inc.'s holdings in Fidelity National Information Services were worth $1,177,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in 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 purchasing an additional 1,082,929 shares during the last quarter. Northern Trust Corp increased its stake in shares of Fidelity National Information Services by 16.5% in the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after buying an additional 982,955 shares during the period. GAMMA Investing LLC raised its holdings in Fidelity National Information Services by 6,171.5% during the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after purchasing an additional 816,612 shares during the last quarter. Invesco Ltd. boosted its position in Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after acquiring an additional 632,328 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Fidelity National Information Services by 51.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock worth $111,215,000 after purchasing an additional 466,246 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIS. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a research note on Wednesday, April 23rd. 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 report on Wednesday, May 7th. UBS Group reduced their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Trading Up 1.1%

NYSE:FIS traded up $0.75 during trading hours on Friday, reaching $70.82. The company's stock had a trading volume of 1,897,806 shares, compared to its average volume of 3,600,409. The firm has a market capitalization of $37.21 billion, a price-to-earnings ratio of 393.16 and a beta of 1.04. The firm has a 50-day simple moving average of $79.95 and a 200-day simple moving average of $76.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the company posted $1.36 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

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.