Ilmarinen Mutual Pension Insurance Co Purchases 26,000 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,000 shares of the information technology services provider's stock after purchasing an additional 26,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Fidelity National Information Services were worth $7,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $308,000. Hilltop Holdings Inc. purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $263,000. HighTower Advisors LLC grew its stake in Fidelity National Information Services by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider's stock valued at $10,684,000 after acquiring an additional 2,363 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Fidelity National Information Services by 7.3% during the third quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider's stock worth $830,000 after acquiring an additional 677 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of Fidelity National Information Services by 78.2% in the third quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider's stock valued at $427,000 after purchasing an additional 2,236 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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Fidelity National Information Services Stock Up 2.0 %

Shares of Fidelity National Information Services stock traded up $1.38 during trading on Friday, hitting $70.89. 967,432 shares of the stock traded hands, compared to its average volume of 3,461,545. The company has a fifty day moving average price of $72.47 and a two-hundred day moving average price of $80.17. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a market cap of $37.55 billion, a P/E ratio of 27.15, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

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 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 EPS. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. Fidelity National Information Services's payout ratio is currently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FIS shares. Barclays cut their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. Compass Point decreased their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. UBS Group reduced their price objective on shares of 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. Finally, Raymond James downgraded 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $88.05.

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.