Franklin Resources Inc. Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,339,235 shares of the information technology services provider's stock after buying an additional 112,842 shares during the quarter. Franklin Resources Inc. owned 0.25% of Fidelity National Information Services worth $117,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp raised its position in Fidelity National Information Services by 68.1% in the third quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider's stock worth $1,313,000 after acquiring an additional 6,349 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Fidelity National Information Services in the 3rd quarter worth $976,000. World Investment Advisors LLC lifted its position in Fidelity National Information Services by 2,063.1% during the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider's stock valued at $5,944,000 after purchasing an additional 67,690 shares in the last quarter. Anchor Investment Management LLC raised its stake in shares of Fidelity National Information Services by 1,240.5% in the third quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider's stock worth $147,000 after buying an additional 1,625 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of Fidelity National Information Services in the third quarter worth about $59,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $1.02 on Monday, reaching $83.08. The company's stock had a trading volume of 3,202,968 shares, compared to its average volume of 3,733,430. The company has a 50-day simple moving average of $87.29 and a 200 day simple moving average of $81.58. Fidelity National Information Services, Inc. has a 52-week low of $58.24 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $44.73 billion, a P/E ratio of 33.51, a PEG ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's payout ratio is currently 57.37%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FIS shares. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research note on Tuesday, November 5th. Bank of America lifted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a "buy" rating and a $126.00 price target for the company. Finally, Mizuho raised their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

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.