BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 159,613 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 295,095 shares of the information technology services provider’s stock after selling 159,613 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of Fidelity National Information Services worth $23,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Assenagon Asset Management S.A. lifted its holdings in shares of Fidelity National Information Services by 122.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,750 shares of the information technology services provider’s stock worth $3,614,000 after buying an additional 24,652 shares during the period. Park Avenue Securities LLC lifted its stake in Fidelity National Information Services by 60.3% in the fourth quarter. Park Avenue Securities LLC now owns 8,989 shares of the information technology services provider’s stock worth $726,000 after acquiring an additional 3,382 shares during the period. UMB Bank n.a. grew its holdings in Fidelity National Information Services by 5.4% during the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock worth $228,000 after acquiring an additional 144 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Fidelity National Information Services by 5.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 54,414 shares of the information technology services provider’s stock valued at $4,395,000 after purchasing an additional 3,038 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in shares of Fidelity National Information Services by 15.7% in the 4th quarter. Atomi Financial Group Inc. now owns 4,815 shares of the information technology services provider’s stock worth $389,000 after purchasing an additional 653 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price 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 represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird boosted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, April 4th. 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 research report on Wednesday, May 7th. UBS Group lifted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Monday, April 21st. One 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. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.11.

Fidelity National Information Services Stock Down 1.7%

Fidelity National Information Services stock opened at $79.21 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a market cap of $41.62 billion, a PE ratio of 30.35, a PEG ratio of 1.23 and a beta of 1.08. 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 business’s 50-day simple moving average is $75.32 and its two-hundred day simple moving average is $78.19.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.6% on a year-over-year basis. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

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.