Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,685 shares of the information technology services provider’s stock after selling 57,485 shares during the quarter. Handelsbanken Fonder AB’s holdings in Fidelity National Information Services were worth $9,292,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FIS. CWM LLC boosted its holdings in Fidelity National Information Services by 22.6% during the third quarter. CWM LLC now owns 9,544 shares of the information technology services provider’s stock worth $527,000 after buying an additional 1,758 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Fidelity National Information Services by 34.5% during the third quarter. AE Wealth Management LLC now owns 11,680 shares of the information technology services provider’s stock worth $646,000 after buying an additional 2,994 shares in the last quarter. Impact Partnership Wealth LLC boosted its holdings in Fidelity National Information Services by 2,642.4% during the third quarter. Impact Partnership Wealth LLC now owns 905 shares of the information technology services provider’s stock worth $50,000 after buying an additional 872 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its holdings in Fidelity National Information Services by 12.5% during the third quarter. Counterpoint Mutual Funds LLC now owns 1,978 shares of the information technology services provider’s stock worth $109,000 after buying an additional 220 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in Fidelity National Information Services by 47.9% during the third quarter. Caprock Group LLC now owns 9,050 shares of the information technology services provider’s stock worth $500,000 after buying an additional 2,933 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $70.81 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The stock has a market cap of $40.82 billion, a P/E ratio of -6.30, a PEG ratio of 0.90 and a beta of 0.97. The company has a 50-day moving average price of $69.78 and a 200 day moving average price of $61.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business posted $1.71 earnings per share. Fidelity National Information Services’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has authorized a share repurchase plan on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction on Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIS. Evercore ISI increased their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Bank of America increased their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Mizuho increased their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $71.59.

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.