New York State Teachers Retirement System Sells 47,845 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

New York State Teachers Retirement System trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,506 shares of the information technology services provider's stock after selling 47,845 shares during the period. New York State Teachers Retirement System owned about 0.07% of Fidelity National Information Services worth $28,416,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FIS. Kennebec Savings Bank lifted its position in shares of Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $40,000. CoreCap Advisors LLC lifted its position in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Fidelity National Information Services by 139.5% in the fourth 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 in the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in Fidelity National Information Services by 34.3% in the first quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 175 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on FIS. Stephens upped their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. 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 report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Finally, Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Stock Performance

FIS stock traded up $0.40 on Friday, reaching $81.67. 1,293,048 shares of the company were exchanged, compared to its average volume of 3,369,020. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock's fifty day moving average price is $79.70 and its 200 day moving average price is $76.93. The firm has a market capitalization of $42.91 billion, a PE ratio of 54.09, a PEG ratio of 1.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director owned 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% 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.