Vanguard Group Inc. Sells 166,521 Shares of Fidelity National Information Services, Inc. $FIS

Vanguard Group Inc. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,852,802 shares of the information technology services provider’s stock after selling 166,521 shares during the period. Vanguard Group Inc. owned about 12.03% of Fidelity National Information Services worth $4,144,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIS. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Geneos Wealth Management Inc. raised its position in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $302,000. Mutual Advisors LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $207,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $373,000. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. UBS Group lifted their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Compass Point cut their price target on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Citigroup upgraded Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.94.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $47.48 on Wednesday. Fidelity National Information Services, Inc. has a 52 week low of $46.16 and a 52 week high of $82.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $60.89 and a 200-day moving average price of $64.88. The company has a market cap of $24.59 billion, a PE ratio of 175.85, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.