Polar Capital Holdings Plc Sells 15,671 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Polar Capital Holdings Plc decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 438,960 shares of the information technology services provider's stock after selling 15,671 shares during the period. Polar Capital Holdings Plc owned approximately 0.08% of Fidelity National Information Services worth $35,455,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Fidelity National Information Services during the fourth quarter worth about $30,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter worth about $40,000. Grove Bank & Trust raised its position in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Fidelity National Information Services by 70.2% in the fourth 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 own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 1.3%

Shares of FIS traded up $1.04 during mid-day trading on Friday, reaching $79.75. 4,884,589 shares of the company's stock traded hands, compared to its average volume of 3,494,924. The stock has a market cap of $41.90 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.23 and a beta of 1.08. The stock's 50-day moving average is $74.69 and its two-hundred day moving average is $78.30. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Analyst Ratings Changes

A number of brokerages have commented on FIS. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. TD Cowen raised 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. Keefe, Bruyette & Woods cut 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 report on Wednesday, February 12th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Compass Point lowered 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were acquired 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 of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.