New York Life Investment Management LLC Sells 884 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

New York Life Investment Management LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 80,344 shares of the information technology services provider’s stock after selling 884 shares during the quarter. New York Life Investment Management LLC’s holdings in Fidelity National Information Services were worth $6,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. National Pension Service increased its holdings in Fidelity National Information Services by 24.3% in the 4th quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider’s stock valued at $91,909,000 after acquiring an additional 222,435 shares during the last quarter. Millington Financial Advisors LLC increased its holdings in Fidelity National Information Services by 5.8% in the 4th quarter. Millington Financial Advisors LLC now owns 24,554 shares of the information technology services provider’s stock valued at $2,011,000 after acquiring an additional 1,338 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at $325,000. IFP Advisors Inc increased its holdings in shares of Fidelity National Information Services by 5.4% in the 4th quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider’s stock worth $425,000 after buying an additional 271 shares during the last quarter. Finally, WealthShield Partners LLC increased its holdings in shares of Fidelity National Information Services by 27.4% in the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock worth $2,221,000 after buying an additional 5,913 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FIS shares. Royal Bank of Canada reduced their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. UBS Group reduced their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $71.19 on Friday. The stock has a market cap of $37.71 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1 year low of $66.71 and a 1 year high of $91.98. The firm has a 50-day moving average of $77.49 and a two-hundred day moving average of $82.30.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business posted $0.94 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

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.