Fidelity National Information Services, Inc. (NYSE:FIS) Position Reduced by Prana Capital Management LP

Prana Capital Management LP lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 65.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,992 shares of the information technology services provider's stock after selling 214,392 shares during the period. Prana Capital Management LP's holdings in Fidelity National Information Services were worth $9,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its holdings in Fidelity National Information Services by 9.6% in the fourth quarter. ProShare Advisors LLC now owns 118,993 shares of the information technology services provider's stock valued at $9,611,000 after acquiring an additional 10,395 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Fidelity National Information Services by 83.8% during the 4th quarter. Quantinno Capital Management LP now owns 76,056 shares of the information technology services provider's stock valued at $6,143,000 after purchasing an additional 34,685 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $642,000. Man Group plc grew its stake in Fidelity National Information Services by 187.5% in the 4th quarter. Man Group plc now owns 455,043 shares of the information technology services provider's stock valued at $36,754,000 after purchasing an additional 296,742 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $10,696,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Barclays dropped their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report 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 issued a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Fidelity National Information Services Stock Down 0.5%

Shares of NYSE FIS traded down $0.39 during midday trading on Tuesday, hitting $80.59. 1,333,559 shares of the company's stock were exchanged, compared to its average volume of 3,955,862. The firm's fifty day simple moving average is $74.94 and its 200-day simple moving average is $78.16. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve 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. The company has a market cap of $42.34 billion, a PE ratio of 30.88, a P/E/G ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued 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 1.99%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services 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.