Canada Post Corp Registered Pension Plan Buys Shares of 9,445 Fidelity National Information Services, Inc. (NYSE:FIS)

Canada Post Corp Registered Pension Plan acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,445 shares of the information technology services provider's stock, valued at approximately $763,000.

Several other hedge funds have also recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors lifted its stake in shares of Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 135 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after buying an additional 137 shares during the period. Finally, Center for Financial Planning Inc. grew its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60 % 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 link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Royal Bank of Canada decreased their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Stephens lowered their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. UBS Group dropped their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $88.89.

Fidelity National Information Services Stock Performance

NYSE:FIS traded up $5.99 during midday trading on Friday, reaching $74.63. 8,057,028 shares of the company traded hands, compared to its average volume of 3,494,287. The firm has a market capitalization of $39.53 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a fifty day moving average price of $71.39 and a 200 day moving average price of $79.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

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

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's payout ratio is currently 61.30%.

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.