Kentucky Retirement Systems Sells 3,910 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Kentucky Retirement Systems cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.3% in the third quarter, Holdings Channel reports. The fund owned 38,007 shares of the information technology services provider’s stock after selling 3,910 shares during the quarter. Kentucky Retirement Systems’ holdings in Fidelity National Information Services were worth $3,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after buying an additional 3,535,596 shares during the period. Raymond James & Associates boosted its position in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $83,562,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $40,029,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 0.7 %

NYSE:FIS opened at $87.82 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company’s fifty day moving average price is $86.67 and its 200-day moving average price is $80.09. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98. The firm has a market capitalization of $47.28 billion, a P/E ratio of 34.99, a PEG ratio of 0.75 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FIS shares. Morgan Stanley lifted their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Mizuho increased their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.68.

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.