Miracle Mile Advisors LLC Purchases Shares of 12,404 Fidelity National Information Services, Inc. (NYSE:FIS)

Miracle Mile Advisors LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,404 shares of the information technology services provider's stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIS. American Century Companies Inc. boosted its holdings in shares of Fidelity National Information Services by 94.7% during the 2nd quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider's stock valued at $5,803,000 after buying an additional 37,459 shares in the last quarter. Federated Hermes Inc. boosted its stake in Fidelity National Information Services by 12.8% during the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider's stock worth $2,814,000 after acquiring an additional 4,246 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Fidelity National Information Services by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,654,754 shares of the information technology services provider's stock worth $124,702,000 after purchasing an additional 140,417 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Fidelity National Information Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock valued at $395,729,000 after purchasing an additional 249,678 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fidelity National Information Services by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 35,390 shares of the information technology services provider's stock valued at $2,675,000 after purchasing an additional 1,506 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $0.15 during mid-day trading on Wednesday, reaching $78.20. 2,295,214 shares of the stock traded hands, compared to its average volume of 2,475,142. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98. The business's 50-day moving average is $83.63 and its 200-day moving average is $82.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $42.10 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

FIS has been the topic of several recent research reports. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a "buy" rating and a $126.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $92.00.

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.