Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Prudential PLC

Prudential PLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 120.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,282 shares of the information technology services provider's stock after acquiring an additional 65,295 shares during the quarter. Prudential PLC's holdings in Fidelity National Information Services were worth $9,634,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Morse Asset Management Inc acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $37,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the fourth quarter valued at $40,000. Grove Bank & Trust raised its position in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 250 shares during the period. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased 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 directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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Fidelity National Information Services Trading Down 4.5 %

Shares of FIS traded down $3.27 during midday trading on Thursday, hitting $69.14. 1,261,059 shares of the stock were exchanged, compared to its average volume of 3,460,304. The stock has a fifty day simple moving average of $72.72 and a 200 day simple moving average of $80.28. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The firm has a market cap of $36.62 billion, a P/E ratio of 26.60, a P/E/G 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 issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 period in the previous year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.31%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the stock from $103.00 to $81.00 in a report 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 for the company in a research report on Tuesday, February 18th. Finally, UBS Group lowered their price objective 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 given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and a consensus target price of $88.05.

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.