Sei Investments Co. Sells 22,156 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sei Investments Co. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 543,376 shares of the information technology services provider’s stock after selling 22,156 shares during the period. Sei Investments Co.’s holdings in Fidelity National Information Services were worth $43,889,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $451,458,000. KBC Group NV lifted its position in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after acquiring an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after purchasing an additional 538,514 shares in the last quarter. Finally, Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Compass Point dropped their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Trading Up 1.3 %

Shares of NYSE FIS opened at $74.31 on Tuesday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $39.36 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.23 and a beta of 1.10. The business’s 50 day moving average price is $74.67 and its 200-day moving average price is $81.33.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the business earned $0.94 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.15%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

Fidelity National Information Services Company 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.