Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,351 shares of the information technology services provider’s stock after selling 12,671 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Fidelity National Information Services worth $34,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC increased its stake in shares of Fidelity National Information Services by 3.6% during the 4th quarter. V Square Quantitative Management LLC now owns 10,887 shares of the information technology services provider’s stock valued at $879,000 after acquiring an additional 381 shares during the last quarter. Avestar Capital LLC increased its position in Fidelity National Information Services by 9.8% during the 4th quarter. Avestar Capital LLC now owns 3,595 shares of the information technology services provider’s stock worth $290,000 after purchasing an additional 322 shares in the last quarter. Avion Wealth increased its position in Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 508 shares in the last quarter. Sage Private Wealth Group LLC increased its position in Fidelity National Information Services by 11.5% during the 4th quarter. Sage Private Wealth Group LLC now owns 3,920 shares of the information technology services provider’s stock worth $317,000 after purchasing an additional 404 shares in the last quarter. Finally, Peterson Wealth Services increased its position in Fidelity National Information Services by 3.8% during the 4th quarter. Peterson Wealth Services now owns 20,937 shares of the information technology services provider’s stock worth $1,691,000 after purchasing an additional 776 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 2.4 %

FIS stock opened at $68.84 on Friday. The firm has a 50 day simple moving average of $80.20 and a 200-day simple moving average of $82.73. Fidelity National Information Services, Inc. has a twelve month low of $62.17 and a twelve month high of $91.98. The company has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.32%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price 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. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen increased their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.95.

Insider Buying and Selling

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

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.