Westpac Banking Corp Buys 24,065 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Westpac Banking Corp increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 66.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,437 shares of the information technology services provider's stock after purchasing an additional 24,065 shares during the quarter. Westpac Banking Corp's holdings in Fidelity National Information Services were worth $4,881,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after buying an additional 211,787 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after acquiring an additional 208,127 shares in the last quarter. Boston Partners boosted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $451,458,000. Institutional investors own 96.23% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on FIS shares. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Compass Point cut their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced 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. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.05.

Fidelity National Information Services Price Performance

Shares of FIS traded up $1.54 during mid-day trading on Tuesday, reaching $70.24. 1,439,058 shares of the stock traded hands, compared to its average volume of 3,441,977. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The firm has a fifty day moving average price of $73.59 and a 200 day moving average price of $80.61.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing 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.