California State Teachers Retirement System Lowers Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

California State Teachers Retirement System decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 892,324 shares of the information technology services provider’s stock after selling 12,215 shares during the period. California State Teachers Retirement System owned about 0.17% of Fidelity National Information Services worth $72,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FIS. Bradley Foster & Sargent Inc. CT increased its position in shares of Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 129 shares during the last quarter. Old Port Advisors boosted its holdings in Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after acquiring an additional 135 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after acquiring an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.7 %

Shares of Fidelity National Information Services stock opened at $78.55 on Wednesday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm’s 50-day moving average price is $72.62 and its 200 day moving average price is $79.37. 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 has a market capitalization of $41.61 billion, a PE ratio of 30.10, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Analyst Ratings Changes

A number of brokerages have issued reports on FIS. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Wells Fargo & Company reduced their target price on 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. UBS Group dropped their price target 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. Morgan Stanley decreased their target price 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. Finally, Royal Bank of Canada cut their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $89.29.

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.