Payden & Rygel Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Payden & Rygel trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 36.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,200 shares of the information technology services provider’s stock after selling 79,500 shares during the quarter. Payden & Rygel’s holdings in Fidelity National Information Services were worth $11,324,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Captrust Financial Advisors lifted its position in shares of Fidelity National Information Services by 12.5% during the third quarter. Captrust Financial Advisors now owns 31,985 shares of the information technology services provider’s stock worth $2,679,000 after purchasing an additional 3,543 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $308,000. Hilltop Holdings Inc. bought a new position in Fidelity National Information Services during the third quarter valued at approximately $263,000. HighTower Advisors LLC grew its position in shares of Fidelity National Information Services by 1.9% in 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 purchasing an additional 2,363 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised 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 valued at $830,000 after buying an additional 677 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIS. Morgan Stanley reduced their price objective on 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. Barclays reduced their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird upped their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, William Blair reaffirmed 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 given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average price target of $88.05.

Fidelity National Information Services Trading Down 6.2 %

Shares of FIS stock opened at $69.90 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $73.84 and its two-hundred day moving average is $80.78. 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 has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 prior year, the firm posted $0.94 earnings per share. Research analysts expect 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 firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services’s payout ratio is currently 61.30%.

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.