Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,107,437 shares of the information technology services provider’s stock after selling 261,583 shares during the period. Fidelity National Information Services accounts for approximately 2.7% of London Co. of Virginia’s holdings, making the stock its 4th largest holding. London Co. of Virginia owned approximately 1.13% of Fidelity National Information Services worth $493,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership boosted its position in Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after buying an additional 1,616,146 shares during the last quarter. KBC Group NV boosted its position in Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after buying an additional 1,101,072 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after buying an additional 1,082,929 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird increased their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, April 4th. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a research report on Wednesday, April 23rd. TD Cowen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Monday, April 21st. Royal Bank of Canada reduced their price target 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. Finally, Stephens raised their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $78.36 on Monday. The stock’s 50-day simple moving average is $73.85 and its 200 day simple moving average is $78.63. The company has a market cap of $41.20 billion, a P/E ratio of 30.02, a P/E/G 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. 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) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 earnings per share. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

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.