Cullen Capital Management LLC Has $1.28 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Capital Management LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,865 shares of the information technology services provider’s stock after selling 2,571 shares during the quarter. Cullen Capital Management LLC’s holdings in Fidelity National Information Services were worth $1,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners boosted its stake in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after acquiring an additional 446,544 shares during the period. Norges Bank bought a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services in the 4th quarter valued at $451,458,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays reduced their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $88.05.

Fidelity National Information Services Stock Down 6.2 %

NYSE FIS opened at $69.90 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The business has a fifty day moving average price of $73.84 and a two-hundred day moving average price of $80.75. 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 stock has a market capitalization of $37.02 billion, a PE ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 last year, the firm earned $0.94 EPS. Equities analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. 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%.

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.