Geode Capital Management LLC Increases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Geode Capital Management LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,051,569 shares of the information technology services provider's stock after acquiring an additional 208,127 shares during the quarter. Geode Capital Management LLC owned 2.42% of Fidelity National Information Services worth $1,052,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FIS. R Squared Ltd purchased a new position in Fidelity National Information Services during the fourth quarter worth about $30,000. Groupama Asset Managment lifted its position in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after buying an additional 319 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $40,000. Finally, Grove Bank & Trust increased its position in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded down $4.61 during midday trading on Friday, reaching $69.90. 8,777,991 shares of the stock were exchanged, compared to its average volume of 3,438,916. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week 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 firm has a market cap of $37.02 billion, a PE ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. The company's fifty day moving average is $73.84 and its 200-day moving average is $80.75.

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, topping 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 company earned $0.94 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. Fidelity National Information Services's payout ratio is presently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday. Stephens dropped 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 note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One 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 company presently has an average rating of "Hold" and a consensus target price of $88.05.

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.