Fidelity National Information Services, Inc. (NYSE:FIS) Position Trimmed by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 47.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,450 shares of the information technology services provider’s stock after selling 11,317 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fidelity National Information Services were worth $923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FIS. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter worth about $478,594,000. Vanguard Group Inc. raised its position in shares of Fidelity National Information Services by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the period. Lyrical Asset Management LP bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $260,316,000. JANA Partners Management LP acquired a new position in Fidelity National Information Services during the 3rd quarter valued at approximately $206,507,000. Finally, Lazard Asset Management LLC grew its stake in Fidelity National Information Services by 660.0% during the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock worth $183,944,000 after buying an additional 2,890,185 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $75.96 on Friday. The company has a market capitalization of $42.25 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a fifty day moving average of $74.36 and a 200-day moving average of $68.11. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.96 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has authorized a stock buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FIS shares. TD Cowen raised their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Barclays boosted their target price on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

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.