BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 901,898 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 62.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 547,511 shares of the information technology services provider’s stock after selling 901,898 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.10% of Fidelity National Information Services worth $41,260,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cadence Bank lifted its holdings in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after buying an additional 143 shares during the period. SageView Advisory Group LLC lifted its stake in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after buying an additional 148 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 166 shares during the period. Finally, Moody National Bank Trust Division increased its position in shares of Fidelity National Information Services by 2.4% during the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after acquiring an additional 169 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FIS shares. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $84.39 on Tuesday. The company’s 50-day moving average is $79.36 and its 200-day moving average is $75.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $46.94 billion, a PE ratio of -8.25, a PEG ratio of 0.82 and a beta of 1.08. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

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.