The Manufacturers Life Insurance Company Acquires 538,514 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,433,946 shares of the information technology services provider’s stock after purchasing an additional 538,514 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fidelity National Information Services were worth $371,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FIS. Linden Thomas Advisory Services LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth about $1,253,000. CENTRAL TRUST Co grew its holdings in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC increased its position in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after buying an additional 25,701 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

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

Fidelity National Information Services Stock Performance

NYSE FIS opened at $84.39 on Tuesday. The company has a market cap of $45.43 billion, a P/E ratio of 33.62, a PEG ratio of 0.73 and a beta of 1.06. The company has a fifty day simple moving average of $86.95 and a 200 day simple moving average of $80.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $55.24 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on FIS shares. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

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.