Aviva PLC Sells 372,718 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Aviva PLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 53.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,578 shares of the information technology services provider’s stock after selling 372,718 shares during the period. Aviva PLC owned approximately 0.06% of Fidelity National Information Services worth $26,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Fidelity National Information Services during the fourth quarter worth about $635,202,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after buying an additional 1,616,146 shares in the last quarter. KBC Group NV boosted its stake in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after buying an additional 1,101,072 shares during the period. Finally, Schroder Investment Management Group grew its position in Fidelity National Information Services by 922.3% during the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock worth $54,101,000 after buying an additional 605,640 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FIS shares. Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.05.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $69.90 on Monday. 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 52 week low of $66.51 and a 52 week high of $91.98. The firm has a market cap of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The firm’s fifty day moving average is $73.84 and its 200-day moving average is $80.72.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 prior year, the firm posted $0.94 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company 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.