Canada Pension Plan Investment Board Buys 17,105 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Canada Pension Plan Investment Board raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,763 shares of the information technology services provider's stock after acquiring an additional 17,105 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of Fidelity National Information Services worth $27,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Norges Bank purchased a new position in Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. KBC Group NV raised its holdings in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after purchasing an additional 632,328 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 0.9 %

Shares of NYSE:FIS traded down $0.75 during midday trading on Friday, hitting $79.12. The stock had a trading volume of 1,183,567 shares, compared to its average volume of 3,529,870. The business's 50-day simple moving average is $72.08 and its 200-day simple moving average is $79.58. The company has a market cap of $41.91 billion, a P/E ratio of 30.28, a PEG ratio of 1.23 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. Shareholders of record on Tuesday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Tuesday, March 11th. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIS shares. Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $79.00 to $86.00 in a research report on Monday. Finally, Stephens reduced 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 research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.29.

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.