Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,372 shares of the information technology services provider's stock after selling 7,775 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Fidelity National Information Services were worth $20,223,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FIS. Atomi Financial Group Inc. grew its holdings in shares of Fidelity National Information Services by 15.7% during the fourth quarter. Atomi Financial Group Inc. now owns 4,815 shares of the information technology services provider's stock worth $389,000 after buying an additional 653 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Fidelity National Information Services by 40.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,458 shares of the information technology services provider's stock valued at $279,000 after purchasing an additional 998 shares during the period. Montecito Bank & Trust grew its holdings in shares of Fidelity National Information Services by 31.1% in the fourth quarter. Montecito Bank & Trust now owns 4,570 shares of the information technology services provider's stock valued at $369,000 after purchasing an additional 1,085 shares during the period. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $347,000. Finally, Sound Income Strategies LLC lifted its position in Fidelity National Information Services by 70.2% in the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In other 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 purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, UBS Group raised their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One equities 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.11.

Fidelity National Information Services Stock Down 0.0%

FIS stock traded down $0.00 during midday trading on Wednesday, reaching $79.96. 2,609,848 shares of the company were exchanged, compared to its average volume of 3,476,551. 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 has a market cap of $42.01 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The stock's 50-day simple moving average is $75.73 and its 200 day simple moving average is $77.88. 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 posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $1.33 EPS. Fidelity National Information Services's quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given 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 2.00%. Fidelity National Information Services's payout ratio is currently 105.96%.

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.