USS Investment Management Ltd Has $7.50 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

USS Investment Management Ltd reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,761 shares of the information technology services provider's stock after selling 13,148 shares during the quarter. USS Investment Management Ltd's holdings in Fidelity National Information Services were worth $7,495,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIS. Worldquant Millennium Advisors LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth about $324,000. Waverly Advisors LLC boosted its position in shares of Fidelity National Information Services by 40.6% during the 4th quarter. Waverly Advisors LLC now owns 11,053 shares of the information technology services provider's stock valued at $893,000 after purchasing an additional 3,189 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $2,611,000. Vident Advisory LLC raised its holdings in shares of Fidelity National Information Services by 25.4% in the 4th quarter. Vident Advisory LLC now owns 8,936 shares of the information technology services provider's stock worth $722,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Sone Capital Management LLC acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $13,026,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was bought 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 now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 1.1%

Shares of NYSE:FIS traded up $0.85 during trading on Tuesday, reaching $79.07. 439,041 shares of the company traded hands, compared to its average volume of 3,476,865. The firm has a fifty day simple moving average of $75.62 and a 200 day simple moving average of $77.86. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The firm has a market cap of $41.54 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Citigroup upgraded 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 report on Monday, April 21st. Stephens upped their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Barclays decreased their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Oppenheimer upgraded 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 report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.11.

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.