Thornburg Investment Management Inc. Cuts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Thornburg Investment Management Inc. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,424 shares of the information technology services provider's stock after selling 148,068 shares during the period. Thornburg Investment Management Inc. owned approximately 0.09% of Fidelity National Information Services worth $30,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ceera Investments LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $5,566,000. Vanguard Personalized Indexing Management LLC increased its holdings in Fidelity National Information Services by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider's stock valued at $1,178,000 after buying an additional 232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Fidelity National Information Services by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 602,708 shares of the information technology services provider's stock worth $36,289,000 after acquiring an additional 31,569 shares in the last quarter. Westpac Banking Corp grew its holdings in shares of Fidelity National Information Services by 374.1% in the 4th quarter. Westpac Banking Corp now owns 39,159 shares of the information technology services provider's stock worth $2,352,000 after acquiring an additional 30,899 shares during the period. Finally, Moran Wealth Management LLC increased its stake in Fidelity National Information Services by 159.7% in the 4th quarter. Moran Wealth Management LLC now owns 28,294 shares of the information technology services provider's stock valued at $1,700,000 after purchasing an additional 17,401 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.8 %

Shares of Fidelity National Information Services stock traded up $0.64 during trading hours on Tuesday, reaching $76.39. The stock had a trading volume of 3,846,117 shares, compared to its average volume of 4,476,041. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $76.68. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of -7.46, a P/E/G ratio of 0.76 and a beta of 0.98. The firm has a 50 day simple moving average of $71.26 and a two-hundred day simple moving average of $63.62.

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

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback program on Monday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.89%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently -14.08%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts have weighed in on FIS shares. TheStreet raised Fidelity National Information Services from a "d" rating to a "c" rating in a report on Monday, February 26th. Bank of America raised their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Evercore ISI upped their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an "in-line" rating in a report on Tuesday, May 7th. Susquehanna raised their price objective on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a "positive" rating in a research note on Wednesday, May 8th. Finally, BNP Paribas lowered Fidelity National Information Services from an "outperform" rating to a "neutral" rating and set a $72.00 target price on the stock. in a research note on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.11.

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.

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