Public Employees Retirement Association of Colorado Sells 5,930 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Public Employees Retirement Association of Colorado reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,670 shares of the information technology services provider’s stock after selling 5,930 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Fidelity National Information Services were worth $5,950,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter worth $37,000. Anchor Investment Management LLC raised its stake in Fidelity National Information Services by 1,240.5% during the third quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock worth $147,000 after buying an additional 1,625 shares during the last quarter. World Investment Advisors LLC raised its stake in Fidelity National Information Services by 2,063.1% during the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock worth $5,944,000 after buying an additional 67,690 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Fidelity National Information Services during the third quarter worth $976,000. Finally, Synovus Financial Corp raised its stake in Fidelity National Information Services by 68.1% during the third quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider’s stock worth $1,313,000 after buying an additional 6,349 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated 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 transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 1.7 %

FIS opened at $77.94 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $41.28 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company’s 50-day moving average price is $72.44 and its two-hundred day moving average price is $79.38.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.94 EPS. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FIS shares. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Citigroup raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Stephens decreased their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Oppenheimer raised shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Barclays decreased their price target on shares of 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

Fidelity National Information Services Company 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.