The Manufacturers Life Insurance Company Has $293.56 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 982.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,895,432 shares of the information technology services provider's stock after buying an additional 3,535,596 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.70% of Fidelity National Information Services worth $293,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Vanguard Group Inc. grew its holdings in shares of Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. FIL Ltd grew its holdings in shares of Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider's stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider's stock worth $505,956,000 after purchasing an additional 537,180 shares during the period. Dimensional Fund Advisors LP lifted its position in Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock worth $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Finally, Boston Partners lifted its position in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. UBS Group upped their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an "overweight" rating to an "equal weight" rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, September 17th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $81.25.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $0.78 during trading on Friday, hitting $83.72. The stock had a trading volume of 400,686 shares, compared to its average volume of 3,879,580. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The firm has a market cap of $46.57 billion, a P/E ratio of -8.11, a PEG ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average of $79.74 and a two-hundred day moving average of $75.88.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Fidelity National Information Services's revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services's dividend payout ratio is currently -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.