Alaska Permanent Fund Corp Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Alaska Permanent Fund Corp trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 16.7% during the 4th quarter, Holdings Channel reports. The fund owned 35,584 shares of the information technology services provider’s stock after selling 7,116 shares during the period. Alaska Permanent Fund Corp’s holdings in Fidelity National Information Services were worth $2,138,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $25,000. Baystate Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 372 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $40,000. Finally, ORG Partners LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $48,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIS shares. Morgan Stanley increased their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. The Goldman Sachs Group started coverage on Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target on the stock. Bank of America increased their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $71.59.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

Fidelity National Information Services Trading Down 0.5 %

Fidelity National Information Services stock opened at $70.47 on Friday. The stock has a 50-day moving average of $69.92 and a two-hundred day moving average of $61.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $74.75. The stock has a market cap of $40.62 billion, a PE ratio of -6.27, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business earned $1.71 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services announced that its board has approved a stock repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.