Treasurer of the State of North Carolina Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Treasurer of the State of North Carolina trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 289,912 shares of the information technology services provider’s stock after selling 11,170 shares during the period. Treasurer of the State of North Carolina’s holdings in Fidelity National Information Services were worth $23,416,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $3,227,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth $2,313,000. Finally, Csenge Advisory Group lifted its stake in shares of Fidelity National Information Services by 44.4% in the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after purchasing an additional 4,134 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the 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 purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Down 4.0 %

FIS opened at $69.50 on Friday. The stock has a market capitalization of $36.81 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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 one year low of $66.51 and a one year high of $91.98. The business’s 50-day simple moving average is $72.47 and its 200-day simple moving average is $80.17.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $0.94 earnings per share. 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. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FIS shares. Wells Fargo & Company dropped their price target on shares of 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. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. UBS Group cut 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. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $88.05.

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.