Alliancebernstein L.P. Has $53.78 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Alliancebernstein L.P. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 665,832 shares of the information technology services provider’s stock after selling 16,671 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Fidelity National Information Services worth $53,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Wellington Management Group LLP grew its stake in shares of Fidelity National Information Services by 24.0% in the fourth quarter. Wellington Management Group LLP now owns 21,587 shares of the information technology services provider’s stock worth $1,744,000 after purchasing an additional 4,180 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Fidelity National Information Services by 45.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 627,792 shares of the information technology services provider’s stock valued at $50,707,000 after buying an additional 196,894 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Fidelity National Information Services by 922.3% in the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock valued at $54,101,000 after buying an additional 605,640 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the last quarter. Finally, MV Capital Management Inc. lifted its stake in shares of Fidelity National Information Services by 61.9% in the fourth quarter. MV Capital Management Inc. now owns 2,522 shares of the information technology services provider’s stock worth $204,000 after acquiring an additional 964 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group decreased their price target on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.05.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $69.90 on Friday. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm’s 50-day simple moving average is $73.84 and its 200 day simple moving average is $80.78.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by 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.