B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Fidelity National Information Services, Inc. (NYSE:FIS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 94,040 shares of the information technology services provider's stock, valued at approximately $7,876,000.

Several other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in Fidelity National Information Services by 203.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider's stock worth $2,189,000 after acquiring an additional 19,775 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Fidelity National Information Services by 2.8% in the first quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider's stock valued at $950,000 after acquiring an additional 348 shares in the last quarter. Lake Street Advisors Group LLC purchased a new stake in Fidelity National Information Services during the first quarter worth about $461,000. CANADA LIFE ASSURANCE Co boosted its holdings in Fidelity National Information Services by 1.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 453,682 shares of the information technology services provider's stock worth $33,670,000 after buying an additional 4,957 shares in the last quarter. Finally, Delap Wealth Advisory LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at about $285,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $0.18 during trading on Wednesday, reaching $85.90. 4,353,706 shares of the stock traded hands, compared to its average volume of 3,761,170. The company has a 50-day moving average of $86.89 and a 200-day moving average of $80.46. The stock has a market capitalization of $46.24 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 52-week low of $53.79 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Susquehanna upped their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research note on Tuesday, November 5th. UBS Group upped their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

About Fidelity National Information Services

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.