Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,643 shares of the information technology services provider's stock after selling 95,463 shares during the period. Lazard Asset Management LLC owned 0.06% of Fidelity National Information Services worth $24,928,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $2,593,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. Avanza Fonder AB bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $3,227,000. Princeton Global Asset Management LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $2,313,000. Finally, Csenge Advisory Group increased its stake in Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after acquiring an additional 4,134 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the 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 transaction, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 1.3%

Shares of NYSE:FIS traded up $1.04 on Friday, reaching $79.75. The company had a trading volume of 4,884,589 shares, compared to its average volume of 3,499,626. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The firm's 50 day simple moving average is $74.69 and its 200-day simple moving average is $78.39. The firm has a market capitalization of $41.90 billion, a PE ratio of 30.56, a PEG ratio of 1.23 and a beta of 1.08. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.33 EPS. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIS. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average 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.