Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,143 shares of the information technology services provider’s stock after selling 1,311 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fidelity National Information Services were worth $10,108,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after buying an additional 211,787 shares during the last quarter. Boston Partners grew its holdings in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $451,458,000. Finally, FMR LLC boosted its position in shares of Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after purchasing an additional 174,673 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $73.64 on Friday. The company’s fifty day moving average is $74.34 and its two-hundred day moving average is $81.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $39.01 billion, a P/E ratio of 28.22, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 last year, the company earned $0.94 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.17%. Fidelity National Information Services’s payout ratio is currently 61.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FIS shares. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. 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. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Morgan Stanley dropped 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 report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

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.