Investment Management Corp of Ontario Has $3.82 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Investment Management Corp of Ontario cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,305 shares of the information technology services provider's stock after selling 34,722 shares during the quarter. Investment Management Corp of Ontario's holdings in Fidelity National Information Services were worth $3,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $40,000. Grove Bank & Trust raised its position in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 399 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after acquiring an additional 509 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in Fidelity National Information Services by 70.2% during 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 in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Royal Bank of Canada lowered their price target on 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. Compass Point cut their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Fidelity National Information Services Stock Up 0.1%

NYSE:FIS traded up $0.08 during trading hours on Wednesday, hitting $77.76. The stock had a trading volume of 310,679 shares, compared to its average volume of 3,493,681. The company has a current ratio of 0.85, a quick 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 business has a 50 day simple moving average of $74.18 and a two-hundred day simple moving average of $78.55. The company has a market cap of $40.85 billion, a PE ratio of 29.61, 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 posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue was up 2.6% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 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.