Senator Investment Group LP Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Senator Investment Group LP trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 66.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the information technology services provider’s stock after selling 500,000 shares during the period. Senator Investment Group LP’s holdings in Fidelity National Information Services were worth $20,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. R Squared Ltd purchased a new position in Fidelity National Information Services in the 4th quarter worth about $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the third quarter worth approximately $37,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Grove Bank & Trust boosted its holdings in Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 250 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIS. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. UBS Group dropped 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 report on Wednesday, February 12th. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada lowered 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 research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their target price 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, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.89.

Fidelity National Information Services Trading Up 8.7 %

FIS stock opened at $74.63 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The business has a 50 day simple moving average of $71.39 and a two-hundred day simple moving average of $79.68. The company has a market capitalization of $39.53 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 quarter last year, the business earned $0.94 earnings per share. Research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.