iA Global Asset Management Inc. Buys 4,686 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

iA Global Asset Management Inc. increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,731 shares of the information technology services provider's stock after acquiring an additional 4,686 shares during the quarter. iA Global Asset Management Inc.'s holdings in Fidelity National Information Services were worth $2,240,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $451,458,000. KBC Group NV grew its stake in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after buying an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock valued at $48,927,000 after purchasing an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after acquiring an additional 538,514 shares in the last quarter. Finally, Boston Partners boosted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after purchasing an additional 446,544 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Barclays dropped 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. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point dropped their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group lowered their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services has a consensus rating of "Hold" and a consensus target price of $88.65.

Fidelity National Information Services Trading Down 0.3 %

FIS traded down $0.23 during mid-day trading on Tuesday, hitting $74.06. The stock had a trading volume of 451,619 shares, compared to its average volume of 3,638,312. The firm has a market capitalization of $39.23 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year 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 stock's fifty day simple moving average is $74.67 and its 200-day simple moving average is $81.33.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.16%. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

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.