Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,111,417 shares of the information technology services provider’s stock after selling 9,832 shares during the period. Fidelity National Information Services comprises 0.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 19th largest position. Jupiter Asset Management Ltd.’s holdings in Fidelity National Information Services were worth $83,001,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC grew its position in shares of Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock worth $309,000 after buying an additional 146 shares in the last quarter. Stonebrook Private Inc. grew its position in shares of Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock worth $1,824,000 after buying an additional 146 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider’s stock worth $245,000 after buying an additional 147 shares in the last quarter. Private Trust Co. NA grew its position in shares of Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock worth $124,000 after buying an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider’s stock worth $150,000 after buying an additional 153 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 1.3%

FIS stock opened at $78.35 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market cap of $41.17 billion, a PE ratio of 51.89 and a beta of 1.04. The firm’s 50-day simple moving average is $80.46 and its 200 day simple moving average is $76.96.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $1.33 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 105.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FIS. 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 report on Wednesday, April 23rd. Royal Bank Of Canada dropped 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 report on Wednesday, May 7th. UBS Group upped their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. TD Cowen raised 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 report on Monday, April 21st. Finally, Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.00.

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.