Vestmark Advisory Solutions Inc. Sells 2,912 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Vestmark Advisory Solutions Inc. lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,335 shares of the information technology services provider’s stock after selling 2,912 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Fidelity National Information Services were worth $1,822,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FIS. Commonwealth Equity Services LLC grew its stake in Fidelity National Information Services by 79.3% in the third quarter. Commonwealth Equity Services LLC now owns 125,574 shares of the information technology services provider’s stock valued at $6,941,000 after acquiring an additional 55,531 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Fidelity National Information Services by 1.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,489 shares of the information technology services provider’s stock valued at $1,740,000 after purchasing an additional 311 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Fidelity National Information Services by 19.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 112,109 shares of the information technology services provider’s stock worth $6,196,000 after purchasing an additional 18,437 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Fidelity National Information Services by 1.7% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 286,900 shares of the information technology services provider’s stock worth $15,857,000 after buying an additional 4,700 shares during the period. Finally, Brown Advisory Inc. lifted its stake in Fidelity National Information Services by 49.3% in the third quarter. Brown Advisory Inc. now owns 196,630 shares of the information technology services provider’s stock valued at $10,868,000 after buying an additional 64,914 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Robert W. Baird cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Wednesday, March 13th. Royal Bank of Canada upped their price objective on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. Evercore ISI upped their price target on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Finally, TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $1.29 during midday trading on Friday, reaching $70.72. 3,571,205 shares of the company’s stock were exchanged, compared to its average volume of 3,578,831. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $70.56 and its 200 day simple moving average is $62.46. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of -6.29, a P/E/G ratio of 0.88 and a beta of 0.98. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, analysts expect that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

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 repurchase 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.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.36 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently -12.81%.

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.