Cullen Frost Bankers Inc. Sells 15,111 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Frost Bankers Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,846 shares of the information technology services provider’s stock after selling 15,111 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Fidelity National Information Services were worth $3,835,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIS. Parkside Financial Bank & Trust raised its stake in shares of Fidelity National Information Services by 9.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 203 shares during the last quarter. Allworth Financial LP boosted its holdings in Fidelity National Information Services by 14.4% during the 3rd quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after acquiring an additional 206 shares during the last quarter. First Business Financial Services Inc. grew its stake in shares of Fidelity National Information Services by 4.4% in the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock worth $305,000 after acquiring an additional 230 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Fidelity National Information Services by 7.5% in the fourth quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 275 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC boosted its holdings in Fidelity National Information Services by 1.2% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 23,543 shares of the information technology services provider’s stock worth $1,414,000 after purchasing an additional 276 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Bank of America boosted their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.26.

Fidelity National Information Services Price Performance

FIS opened at $74.05 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of -7.24, a PEG ratio of 0.88 and a beta of 0.98. The business’s fifty day simple moving average is $70.79 and its 200-day simple moving average is $62.91. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $75.71.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

Fidelity National Information Services 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.