Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 54.9% in the 4th quarter, Holdings Channel reports. The firm owned 60,665 shares of the information technology services provider’s stock after selling 73,718 shares during the quarter. American Century Companies Inc.’s holdings in Fidelity National Information Services were worth $4,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new stake in Fidelity National Information Services in the 3rd quarter valued at about $308,000. Hilltop Holdings Inc. acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $263,000. HighTower Advisors LLC raised its holdings in shares of Fidelity National Information Services by 1.9% during the third quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock valued at $10,684,000 after buying an additional 2,363 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Fidelity National Information Services by 7.3% during the third quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock worth $830,000 after buying an additional 677 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in Fidelity National Information Services by 78.2% in the 3rd quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock worth $427,000 after buying an additional 2,236 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price 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 in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird lifted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. UBS Group dropped their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.05.

Fidelity National Information Services Price Performance

Shares of FIS opened at $69.90 on Friday. The business’s 50-day moving average is $73.84 and its 200-day moving average is $80.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.94 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

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