World Investment Advisors LLC Has $5.94 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

World Investment Advisors LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2,063.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,971 shares of the information technology services provider's stock after buying an additional 67,690 shares during the quarter. World Investment Advisors LLC's holdings in Fidelity National Information Services were worth $5,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after acquiring an additional 3,535,596 shares during the period. Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $83,562,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $40,029,000. Finally, Fernbridge Capital Management LP grew its stake in Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock valued at $86,900,000 after buying an additional 463,613 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.80 during trading on Friday, hitting $84.11. 796,660 shares of the company were exchanged, compared to its average volume of 3,729,072. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a market capitalization of $45.28 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $87.30 and its 200-day moving average is $81.45.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its 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 the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's payout ratio is currently 57.37%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FIS shares. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Barclays upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Susquehanna lifted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

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.