UniSuper Management Pty Ltd Sells 18,311 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

UniSuper Management Pty Ltd trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 29.2% during the fourth quarter, Holdings Channel reports. The firm owned 44,487 shares of the information technology services provider’s stock after selling 18,311 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Fidelity National Information Services were worth $3,593,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FIS. Cerity Partners LLC raised its stake in Fidelity National Information Services by 117.1% in the third quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider’s stock valued at $4,017,000 after buying an additional 25,870 shares during the period. Larson Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. FMR LLC raised its stake in Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after acquiring an additional 174,673 shares during the period. Brooklyn Investment Group acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $62,000. Finally, Townsquare Capital LLC boosted its position in Fidelity National Information Services by 0.7% during the third quarter. Townsquare Capital LLC now owns 36,064 shares of the information technology services provider’s stock worth $3,020,000 after purchasing an additional 241 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIS has been the subject of a number of research reports. UBS Group cut their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada dropped their price target on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $88.65.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $74.34 and its 200 day simple moving average is $81.13. The firm has a market capitalization of $39.01 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results 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 net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the company posted $0.94 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

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.