Cibc World Markets Corp Has $6.89 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Cibc World Markets Corp decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 85,299 shares of the information technology services provider’s stock after selling 21,062 shares during the period. Cibc World Markets Corp’s holdings in Fidelity National Information Services were worth $6,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. R Squared Ltd bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment increased its position in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $37,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $40,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FIS. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Stephens reduced their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Trading Up 1.4 %

Shares of FIS stock opened at $73.24 on Wednesday. The stock has a 50 day simple moving average of $75.03 and a 200 day simple moving average of $81.57. 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $38.79 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $0.94 EPS. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

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.