Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,579 shares of the information technology services provider’s stock after selling 3,383 shares during the period. Retirement Systems of Alabama’s holdings in Fidelity National Information Services were worth $7,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the third quarter worth approximately $25,000. Baystate Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 372 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $35,000. Criterion Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $40,000. Finally, ORG Partners LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at about $48,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIS shares. Morgan Stanley increased their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Bank of America raised their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Evercore ISI boosted their price objective on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, UBS Group increased their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Fidelity National Information Services Stock Up 1.9 %

Shares of NYSE FIS opened at $70.72 on Friday. The firm has a market cap of $39.71 billion, a P/E ratio of -6.29, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The firm’s 50 day moving average price is $70.43 and its 200 day moving average price is $62.34.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its board has approved a stock buyback plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

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.