California Public Employees Retirement System Sells 92,681 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

California Public Employees Retirement System reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 911,691 shares of the information technology services provider’s stock after selling 92,681 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Fidelity National Information Services worth $73,637,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FMR LLC boosted its holdings 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 purchasing an additional 174,673 shares during the period. Captrust Financial Advisors lifted its stake in shares of Fidelity National Information Services by 12.5% in the third quarter. Captrust Financial Advisors now owns 31,985 shares of the information technology services provider’s stock valued at $2,679,000 after buying an additional 3,543 shares during the period. Edgestream Partners L.P. bought a new position in Fidelity National Information Services during the third quarter valued at about $1,446,000. Erste Asset Management GmbH acquired a new position in Fidelity National Information Services in the 3rd quarter valued at approximately $4,481,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $308,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FIS shares. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Compass Point decreased their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. 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 stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $74.79 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $74.26 and a 200 day simple moving average of $81.03. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm has a market cap of $39.62 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 posted $0.94 earnings per share. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

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.