Comerica Bank Has $8.55 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Comerica Bank reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,884 shares of the information technology services provider’s stock after selling 6,048 shares during the quarter. Comerica Bank’s holdings in Fidelity National Information Services were worth $8,552,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth approximately $451,458,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after purchasing an additional 1,616,146 shares during the period. KBC Group NV grew its position in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in 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 buying an additional 1,082,929 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 1.6 %

Shares of Fidelity National Information Services stock opened at $78.94 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company’s fifty day simple moving average is $73.15 and its 200-day simple moving average is $79.16. The company has a market cap of $41.51 billion, a price-to-earnings ratio of 30.25, a PEG 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.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business posted $0.94 EPS. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIS. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 4th. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on 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. Finally, Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

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.