Franklin Resources Inc. Sells 101,679 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,175,129 shares of the information technology services provider’s stock after selling 101,679 shares during the quarter. Franklin Resources Inc. owned approximately 0.20% of Fidelity National Information Services worth $79,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIS. Brown Brothers Harriman & Co. boosted its position in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Arlington Partners LLC boosted its position in Fidelity National Information Services by 199.2% during the fourth quarter. Arlington Partners LLC now owns 398 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 265 shares in the last quarter. Elequin Securities LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $28,000. Harbor Investment Advisory LLC boosted its position in Fidelity National Information Services by 55.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 461 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 164 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $34,000. Institutional investors own 90.25% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other news, CFO Erik D. Hoag sold 5,658 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total value of $361,433.04. Following the sale, the chief financial officer now directly owns 16,368 shares of the company’s stock, valued at $1,045,587.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Erik D. Hoag sold 5,658 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total transaction of $361,433.04. Following the transaction, the chief financial officer now owns 16,368 shares in the company, valued at $1,045,587.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 958 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 17th. The shares were bought at an average price of $57.24 per share, for a total transaction of $54,835.92. Following the transaction, the director now owns 5,404 shares of the company’s stock, valued at approximately $309,324.96. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $73.00 to $79.00 in a research report on Tuesday, February 14th. StockNews.com started coverage on Fidelity National Information Services in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Thursday, March 16th. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $67.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, February 14th. Finally, 22nd Century Group reiterated a “maintains” rating on shares of Fidelity National Information Services in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.30.

Fidelity National Information Services Price Performance

Shares of FIS opened at $53.28 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.74 and a quick ratio of 0.74. Fidelity National Information Services, Inc. has a 12 month low of $48.57 and a 12 month high of $106.65. The stock’s 50 day moving average is $54.64 and its two-hundred day moving average is $63.15.

Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The information technology services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.20 by $0.09. Fidelity National Information Services had a positive return on equity of 10.66% and a negative net margin of 114.79%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $1.47 earnings per share. Fidelity National Information Services’s quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.95 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, June 8th. Fidelity National Information Services’s dividend payout ratio is presently -7.38%.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.