FIL Ltd Has $652.70 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

FIL Ltd decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,080,967 shares of the information technology services provider's stock after selling 350,675 shares during the period. FIL Ltd owned approximately 1.50% of Fidelity National Information Services worth $652,700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. R Squared Ltd bought a new stake in Fidelity National Information Services in the 4th quarter valued at $30,000. Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the third quarter worth about $37,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Grove Bank & Trust grew its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 399 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after buying an additional 250 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIS. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and an average price target of $88.89.

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Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 4.2 %

Shares of Fidelity National Information Services stock traded up $2.90 during trading on Friday, reaching $72.41. 3,490,136 shares of the company were exchanged, compared to its average volume of 3,473,358. The business has a 50-day moving average price of $72.29 and a 200-day moving average price of $80.09. The firm has a market capitalization of $38.35 billion, a price-to-earnings ratio of 27.74, a P/E/G 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 twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. 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 currently 61.30%.

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.