Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 438,960 shares of the information technology services provider’s stock after selling 15,671 shares during the quarter. Polar Capital Holdings Plc’s holdings in Fidelity National Information Services were worth $35,455,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Grove Bank & Trust grew its holdings in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares during the period. CoreCap Advisors LLC increased its position in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after purchasing an additional 509 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in Fidelity National Information Services by 70.2% in the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS stock opened at $77.82 on Thursday. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $74.31 and its 200 day moving average price is $78.54. The firm has a market capitalization of $40.89 billion, a PE ratio of 29.82, a P/E/G ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. Fidelity National Information Services’s payout ratio is 105.96%.

Analyst Ratings Changes

FIS has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Morgan Stanley decreased their price target 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. Wells Fargo & Company lowered their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.