Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,471 shares of the information technology services provider’s stock after selling 24,696 shares during the period. Heartland Advisors Inc.’s holdings in Fidelity National Information Services were worth $13,607,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FIS. Heck Capital Advisors LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $2,593,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Avanza Fonder AB acquired a new stake in Fidelity National Information Services in the 4th quarter valued at $3,227,000. Princeton Global Asset Management LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $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 worth $1,086,000 after acquiring an additional 4,134 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.8 %

FIS stock opened at $75.17 on Friday. The firm has a market cap of $39.82 billion, a PE ratio of 28.80, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. 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’s 50 day moving average price is $74.44 and its 200-day moving average price is $81.19.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 last year, the firm posted $0.94 EPS. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase 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 61.30%.

Analysts Set New Price Targets

A number of research firms have recently commented on FIS. Stephens cut their target price on shares of 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. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.65.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

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.