First Trust Advisors LP Sells 139,834 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

First Trust Advisors LP lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 82.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,958 shares of the information technology services provider's stock after selling 139,834 shares during the period. First Trust Advisors LP's holdings in Fidelity National Information Services were worth $2,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $40,000. Grove Bank & Trust boosted its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 399 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 250 shares during the last quarter. Finally, Avion Wealth increased its position in shares of Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.6 %

NYSE:FIS traded down $0.45 during mid-day trading on Wednesday, hitting $75.45. The company had a trading volume of 5,011,960 shares, compared to its average volume of 3,519,454. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm has a market cap of $39.67 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.23 and a beta of 1.08. The business's fifty day moving average is $73.48 and its two-hundred day moving average is $78.97.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company posted $1.33 EPS. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current 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 issued 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 2.12%. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FIS shares. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This represents a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% 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.