Thrivent Financial for Lutherans Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Thrivent Financial for Lutherans lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,829 shares of the information technology services provider's stock after acquiring an additional 5,344 shares during the period. Thrivent Financial for Lutherans' holdings in Fidelity National Information Services were worth $6,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 159 shares during the last quarter. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $30,000. Groupama Asset Managment lifted its position in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after buying an additional 319 shares during the last quarter. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter valued at approximately $37,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $40,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays reduced their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Stephens reduced their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. UBS Group reduced 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 report on Wednesday, February 12th. Finally, Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $88.65.

Fidelity National Information Services Stock Down 0.2 %

Shares of FIS traded down $0.14 on Tuesday, reaching $74.15. The stock had a trading volume of 856,912 shares, compared to its average volume of 3,378,359. The firm has a market capitalization of $39.28 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The company has a 50-day simple moving average of $74.67 and a 200-day simple moving average of $81.33. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. 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 announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates 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 previous year, the firm posted $0.94 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

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

Fidelity National Information Services Company 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.