Korea Investment CORP Raises Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Korea Investment CORP lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 88.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,933 shares of the information technology services provider's stock after acquiring an additional 171,300 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Fidelity National Information Services worth $29,476,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIS. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Fidelity National Information Services by 68.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 41,096 shares of the information technology services provider's stock worth $3,319,000 after buying an additional 16,686 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Fidelity National Information Services by 2.2% during the 4th quarter. TIAA Trust National Association now owns 12,040 shares of the information technology services provider's stock worth $972,000 after purchasing an additional 254 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Fidelity National Information Services by 3.0% in the 4th quarter. Prudential Financial Inc. now owns 1,342,287 shares of the information technology services provider's stock worth $108,417,000 after buying an additional 38,555 shares during the last quarter. LPL Financial LLC increased its holdings in Fidelity National Information Services by 0.5% during the fourth quarter. LPL Financial LLC now owns 216,823 shares of the information technology services provider's stock worth $17,513,000 after buying an additional 1,001 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $16,046,000. 96.23% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FIS shares. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Stephens lowered their price objective on 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $88.65.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $0.88 during trading hours on Wednesday, reaching $75.45. The company's stock had a trading volume of 540,828 shares, compared to its average volume of 3,536,363. The stock has a market cap of $39.97 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50 day moving average price of $74.18 and a 200-day moving average price of $80.96. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. 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 dividend yield of 2.12%. Fidelity National Information Services's dividend payout ratio (DPR) 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.