Capital Research Global Investors Buys 1,082,929 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Capital Research Global Investors increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,433,286 shares of the information technology services provider's stock after buying an additional 1,082,929 shares during the quarter. Capital Research Global Investors owned about 5.47% of Fidelity National Information Services worth $2,377,325,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the 3rd quarter valued at $37,000. Anchor Investment Management LLC lifted its stake in Fidelity National Information Services by 1,240.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider's stock worth $147,000 after purchasing an additional 1,625 shares in the last quarter. World Investment Advisors LLC increased its holdings in shares of Fidelity National Information Services by 2,063.1% in the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider's stock worth $5,944,000 after purchasing an additional 67,690 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Fidelity National Information Services during the third quarter valued at $976,000. Finally, Synovus Financial Corp grew its position in Fidelity National Information Services by 68.1% during the third quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider's stock worth $1,313,000 after buying an additional 6,349 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 0.4 %

FIS stock traded up $0.32 during midday trading on Wednesday, hitting $79.44. The stock had a trading volume of 5,263,658 shares, compared to its average volume of 3,937,054. The business has a 50-day moving average of $71.64 and a two-hundred day moving average of $79.61. The firm has a market cap of $42.08 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 in the previous year, the company earned $0.94 EPS. As a group, equities research 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. Investors of record on Tuesday, March 11th were issued a $0.40 dividend. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their target price for the company from $79.00 to $86.00 in a report on Monday. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays decreased their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $89.29.

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.