Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Senator Investment Group LP

Senator Investment Group LP decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the information technology services provider's stock after selling 500,000 shares during the quarter. Senator Investment Group LP's holdings in Fidelity National Information Services were worth $20,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FIS. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at $2,593,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the fourth quarter worth about $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 raised its position 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 valued at $1,086,000 after purchasing an additional 4,134 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIS. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Finally, Compass Point lowered their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.29.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.48 on Friday, hitting $79.39. The company's stock had a trading volume of 4,097,959 shares, compared to its average volume of 3,539,487. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a market capitalization of $42.05 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a fifty day moving average price of $72.27 and a 200-day moving average price of $79.54.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the firm posted $0.94 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently 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.