Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 89.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,262 shares of the information technology services provider's stock after selling 344,329 shares during the period. Johnson Investment Counsel Inc.'s holdings in Fidelity National Information Services were worth $2,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 3rd quarter worth $25,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $29,000. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at approximately $40,000. Finally, ORG Partners LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $48,000. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the business's stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company's stock, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday. Stephens reissued an "overweight" rating and issued a $90.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Evercore ISI lifted their price objective on Fidelity National Information Services from $75.00 to $80.00 and gave the company an "in-line" rating in a research note on Tuesday, May 7th. Finally, Bank of America raised their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.11.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $0.93 on Friday, hitting $74.64. 3,954,875 shares of the company traded hands, compared to its average volume of 4,219,046. The company has a current ratio of 1.52, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The business's 50 day moving average price is $71.13 and its 200-day moving average price is $63.32. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of -7.30, a P/E/G ratio of 0.76 and a beta of 0.98. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $75.71.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.98 earnings per share for the current year.

Fidelity National Information Services declared that its board has approved a stock repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently -14.08%.

Fidelity National Information Services Company Profile

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.