Massmutual Trust Co. FSB ADV Has $450,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Massmutual Trust Co. FSB ADV reduced its stake in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 83.9% during the 1st quarter, HoldingsChannel reports. The fund owned 4,482 shares of the information technology services provider’s stock after selling 23,436 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Fidelity National Information Services were worth $450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd bought a new stake in Fidelity National Information Services in the 4th quarter valued at $35,000. Equitec Proprietary Markets LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at $39,000. Cordant Inc. lifted its position in Fidelity National Information Services by 8,260.0% in the 4th quarter. Cordant Inc. now owns 418 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 413 shares in the last quarter. Missouri Trust & Investment Co bought a new stake in Fidelity National Information Services in the 4th quarter valued at $48,000. Finally, Consolidated Planning Corp bought a new stake in Fidelity National Information Services in the 3rd quarter valued at $55,000. 89.51% of the stock is currently owned by institutional investors and hedge funds.

FIS has been the topic of several analyst reports. KeyCorp cut their price target on shares of Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Fidelity National Information Services from $155.00 to $116.00 in a research report on Wednesday, April 20th. StockNews.com initiated coverage on shares of Fidelity National Information Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research report on Monday, April 4th. They set an “overweight” rating and a $132.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, May 17th. They set a “buy” rating and a $128.00 price target on the stock. Three analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.61.

Shares of FIS opened at $92.07 on Thursday. Fidelity National Information Services, Inc. has a 52 week low of $85.00 and a 52 week high of $152.20. The firm has a market cap of $56.23 billion, a P/E ratio of 62.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.69. The firm’s 50-day simple moving average is $99.37 and its 200 day simple moving average is $103.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 0.74.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a net margin of 6.43% and a return on equity of 8.76%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the business earned $1.30 EPS. Fidelity National Information Services’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 7.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services’s payout ratio is presently 127.03%.

About Fidelity National Information Services (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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

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