Franklin Resources Inc. Has $114.94 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,423,008 shares of the information technology services provider's stock after purchasing an additional 83,773 shares during the period. Franklin Resources Inc. owned approximately 0.26% of Fidelity National Information Services worth $114,936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. R Squared Ltd acquired a new stake in Fidelity National Information Services during the fourth quarter worth $30,000. Groupama Asset Managment increased its stake in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 319 shares during the period. 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 bought a new position in Fidelity National Information Services during the fourth quarter worth about $40,000. Finally, 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. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Stephens decreased their price objective 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. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, Robert W. Baird boosted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.05.

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Fidelity National Information Services Stock Down 1.4 %

FIS traded down $1.01 during trading on Monday, reaching $68.89. The company had a trading volume of 1,624,838 shares, compared to its average volume of 3,432,096. The company has a market cap of $36.49 billion, a P/E ratio of 26.39, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. 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 business's fifty day moving average price is $73.84 and its 200 day moving average price is $80.72.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 period last year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. 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. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insiders Place Their Bets

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. Insiders own 0.20% of the company's stock.

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.