TD Asset Management Inc Sells 12,850 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• TD Asset Management Inc has reduced its stake in Fidelity National Information Services by 3.7%, now holding 337,001 shares valued at approximately $25.2 million.
• Several analysts have upgraded their ratings on Fidelity National Information Services, with a consensus target price of $91.00 and a consensus rating of "Moderate Buy."
• The company's recent quarterly earnings showed a slight revenue increase to $2.53 billion compared to previous estimates, with an EPS of $1.21, beating expectations.

TD Asset Management Inc decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 337,001 shares of the information technology services provider's stock after selling 12,850 shares during the period. TD Asset Management Inc owned 0.06% of Fidelity National Information Services worth $25,167,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its holdings in Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership increased its position in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Kennebec Savings Bank increased its holdings in shares of Fidelity National Information Services by 71.3% in the 1st 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. Finally, CoreCap Advisors LLC increased its holdings in shares of Fidelity National Information Services by 877.6% in the 4th 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. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Stock Down 1.6%

Shares of FIS stock traded down $1.26 on Thursday, hitting $79.38. The stock had a trading volume of 2,869,981 shares, compared to its average volume of 2,024,983. The business has a 50 day moving average of $80.45 and a 200 day moving average of $76.96. The stock has a market cap of $41.71 billion, a price-to-earnings ratio of 52.57 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, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $1.33 earnings per share. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.0%. Fidelity National Information Services's dividend payout ratio (DPR) 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.