Deseret Mutual Benefit Administrators Sells 198 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Deseret Mutual Benefit Administrators decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 801 shares of the information technology services provider’s stock after selling 198 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Fidelity National Information Services were worth $65,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Fidelity National Information Services by 0.9% in the third 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 purchasing an additional 211,787 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Fidelity National Information Services by 13.8% in the third 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 purchasing an additional 538,514 shares during the period. FMR LLC increased its position in Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after acquiring an additional 174,673 shares during the period. Franklin Resources Inc. increased its position in Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after acquiring an additional 112,842 shares during the period. Finally, Fernbridge Capital Management LP increased its position in Fidelity National Information Services by 11.5% during the third quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider’s stock worth $107,717,000 after acquiring an additional 133,039 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. Stephens dropped their target price on shares of 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. Robert W. Baird boosted 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. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.36.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 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, with a total value of $56,058.97. Following the acquisition, 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 Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE:FIS opened at $69.95 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $62.63 and a 52 week high of $91.98. 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 company’s fifty day moving average is $78.69 and its 200-day moving average is $82.58. The company has a market capitalization of $37.05 billion, a PE ratio of 26.80, a P/E/G ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the business posted $0.94 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services’s dividend payout ratio is 55.17%.

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.