Assetmark Inc. Has $5.61 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Assetmark Inc. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,434 shares of the information technology services provider's stock after buying an additional 15,897 shares during the period. Assetmark Inc.'s holdings in Fidelity National Information Services were worth $5,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. KBC Group NV lifted its position in shares of 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. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 1,304.8% during the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock worth $48,927,000 after purchasing an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after purchasing an additional 538,514 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Fidelity National Information Services by 41.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider's stock worth $72,306,000 after purchasing an additional 264,209 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Fidelity National Information Services by 24.3% during the fourth quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider's stock worth $91,909,000 after purchasing an additional 222,435 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

FIS has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $88.65.

Fidelity National Information Services Trading Down 4.3 %

NYSE:FIS traded down $3.04 during trading hours on Tuesday, hitting $68.23. The stock had a trading volume of 4,395,248 shares, compared to its average volume of 3,372,371. Fidelity National Information Services, Inc. has a one year low of $66.72 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.10. The business's 50 day moving average is $75.92 and its 200-day moving average is $81.94.

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 the consensus estimate 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 previous year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is 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 is 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.