Investment Management Corp of Ontario Sells 34,722 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Investment Management Corp of Ontario reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 42.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,305 shares of the information technology services provider’s stock after selling 34,722 shares during the quarter. Investment Management Corp of Ontario’s holdings in Fidelity National Information Services were worth $3,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. KBC Group NV raised its position in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after acquiring an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FIS shares. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group lifted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Fidelity National Information Services Trading Up 0.6 %

Shares of FIS stock opened at $78.36 on Friday. The stock has a market capitalization of $41.20 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $73.85 and its 200 day moving average is $78.71. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. Fidelity National Information Services’s revenue was up 2.6% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.