Fidelity National Information Services, Inc. $FIS Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 665,108 shares of the information technology services provider’s stock after selling 22,910 shares during the quarter. Aberdeen Group plc owned 0.13% of Fidelity National Information Services worth $43,728,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Fidelity National Information Services during the second quarter worth $624,858,000. Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 49.1% in the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after buying an additional 1,518,200 shares in the last quarter. Boston Partners boosted its position in Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after buying an additional 1,122,181 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Fidelity National Information Services by 71.7% during the second quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock valued at $201,294,000 after acquiring an additional 1,037,100 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $39,106,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $46.74 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $61.24 and its 200 day moving average price is $65.10. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 173.11, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.8%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is presently 592.59%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price target for the company. Cantor Fitzgerald began coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They set an “overweight” rating and a $72.00 target price for the company. Stephens dropped their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. UBS Group upped their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $78.33.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.