Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,094 shares of the information technology services provider's stock after selling 141,134 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Fidelity National Information Services were worth $11,316,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIS. R Squared Ltd purchased a new position in Fidelity National Information Services during the fourth quarter valued at $30,000. Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the third quarter valued at $37,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. Grove Bank & Trust lifted its holdings in 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 valued at $42,000 after purchasing an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 250 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.48 on Friday, hitting $79.39. The stock had a trading volume of 4,097,959 shares, compared to its average volume of 3,538,595. The company's 50 day moving average price is $72.27 and its 200 day moving average price is $79.44. The stock has a market cap of $42.05 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the company earned $0.94 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIS. Keefe, Bruyette & Woods decreased their price objective 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. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research report on Wednesday. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.29.

About Fidelity National Information Services

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.