California Public Employees Retirement System Decreases Position in Fidelity National Information Services, Inc. (FIS)

California Public Employees Retirement System reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 751,100 shares of the information technology services provider’s stock after selling 32,700 shares during the period. California Public Employees Retirement System owned 0.23% of Fidelity National Information Services worth $59,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC raised its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares during the period. Financial Architects Inc raised its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares during the period. Bessemer Group Inc. raised its position in Fidelity National Information Services by 21.6% in the fourth quarter. Bessemer Group Inc. now owns 1,329 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 236 shares during the period. North Star Investment Management Corp. raised its position in Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock valued at $116,000 after buying an additional 75 shares during the period. Finally, WFG Advisors LP raised its position in Fidelity National Information Services by 37.2% in the fourth quarter. WFG Advisors LP now owns 1,622 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 440 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.98% during mid-day trading on Friday, reaching $85.19. The company had a trading volume of 2,316,426 shares. Fidelity National Information Services, Inc. has a 52-week low of $68.03 and a 52-week high of $87.32. The company’s 50-day moving average price is $84.51 and its 200-day moving average price is $80.84. The company has a market capitalization of $28.16 billion, a PE ratio of 43.49 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Services’s dividend payout ratio is currently 58.88%.

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A number of brokerages have recently issued reports on FIS. BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 target price (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday. Guggenheim began coverage on Fidelity National Information Services in a research report on Thursday, March 30th. They set a “buy” rating and a $90.00 target price on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $89.00 target price (up from $80.00) on shares of Fidelity National Information Services in a research report on Wednesday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, March 28th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $94.00 target price on shares of Fidelity National Information Services in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.47.

In other news, Director Frank R. Martire sold 219,017 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $80.02, for a total transaction of $17,525,740.34. Following the completion of the transaction, the director now owns 219,272 shares of the company’s stock, valued at $17,546,145.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold 1,059,367 shares of company stock valued at $87,091,589 in the last ninety days. 2.66% of the stock is owned by company insiders.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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