Vanguard Group Inc. Decreases Stock Holdings in Fidelity National Information Services, Inc. $FIS

Vanguard Group Inc. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,852,802 shares of the information technology services provider’s stock after selling 166,521 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Fidelity National Information Services worth $4,144,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIS. State of New Jersey Common Pension Fund D raised its stake in shares of Fidelity National Information Services by 1.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 181,712 shares of the information technology services provider’s stock worth $11,982,000 after purchasing an additional 2,714 shares during the period. Cidel Asset Management Inc. increased its holdings in Fidelity National Information Services by 17.7% during the third quarter. Cidel Asset Management Inc. now owns 3,507 shares of the information technology services provider’s stock worth $231,000 after buying an additional 528 shares during the last quarter. Assetmark Inc. raised its position in Fidelity National Information Services by 45.1% in the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after acquiring an additional 82,518 shares during the period. Public Sector Pension Investment Board boosted its stake in Fidelity National Information Services by 10.9% in the third quarter. Public Sector Pension Investment Board now owns 54,719 shares of the information technology services provider’s stock valued at $3,608,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co grew its position in shares of Fidelity National Information Services by 22.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 112,582 shares of the information technology services provider’s stock valued at $7,424,000 after acquiring an additional 20,300 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on FIS shares. Cantor Fitzgerald assumed coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective on the stock. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Finally, Stephens dropped their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.94.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $47.48 on Wednesday. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The stock’s 50-day simple moving average is $60.89 and its 200 day simple moving average is $64.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $24.59 billion, a price-to-earnings ratio of 175.85, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.