Maryland State Retirement & Pension System Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Maryland State Retirement & Pension System lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,162 shares of the information technology services provider’s stock after selling 2,972 shares during the period. Maryland State Retirement & Pension System’s holdings in Fidelity National Information Services were worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after acquiring an additional 211,787 shares during the period. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after acquiring an additional 446,544 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $451,458,000. The Manufacturers Life Insurance Company raised its stake in shares of Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares during the period. Finally, FMR LLC increased its stake in Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after buying an additional 174,673 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIS. Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Susquehanna downgraded 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 note on Wednesday, February 12th. Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group dropped their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Trading Up 0.2 %

NYSE FIS opened at $74.45 on Friday. 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 50-day simple moving average of $74.83 and a 200-day simple moving average of $81.47. 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 has a market capitalization of $39.44 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business posted $0.94 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Fidelity National Information Services 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.