Voya Investment Management LLC Has $13.16 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Voya Investment Management LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,987 shares of the information technology services provider's stock after selling 44,855 shares during the period. Voya Investment Management LLC's holdings in Fidelity National Information Services were worth $13,164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $2,593,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. Avanza Fonder AB bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $3,227,000. Princeton Global Asset Management LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Finally, Csenge Advisory Group raised its stake 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 worth $1,086,000 after acquiring an additional 4,134 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FIS. UBS Group dropped their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Monday, April 21st. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $89.29.

Fidelity National Information Services Stock Up 0.4 %

FIS stock traded up $0.30 during midday trading on Wednesday, hitting $78.93. The company's stock had a trading volume of 3,532,669 shares, compared to its average volume of 3,536,519. The stock has a market capitalization of $41.81 billion, a P/E ratio of 30.24, a PEG ratio of 1.23 and a beta of 1.06. The company's fifty day moving average price is $72.62 and its 200 day moving average price is $79.37. 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, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) 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 in the previous year, the business posted $0.94 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.03%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

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.