Bank of New York Mellon Corp Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Bank of New York Mellon Corp reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,577,112 shares of the information technology services provider’s stock after selling 285,840 shares during the quarter. Bank of New York Mellon Corp’s holdings in Fidelity National Information Services were worth $288,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FIS. Larson Financial Group LLC raised its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $28,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $30,000. Groupama Asset Managment lifted its holdings in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services in the 3rd quarter worth about $37,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Down 0.6 %

Shares of FIS opened at $68.89 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.20 and a fifty-two week high of $91.98. The firm has a 50 day moving average price of $77.91 and a 200-day moving average price of $82.42. The firm has a market cap of $36.49 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly 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 period in the prior year, the firm earned $0.94 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.32%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Stephens cut 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 report on Wednesday, February 12th. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and an average price target of $87.36.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

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.