Franklin Resources Inc. Has $114.94 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,423,008 shares of the information technology services provider’s stock after buying an additional 83,773 shares during the period. Franklin Resources Inc. owned about 0.26% of Fidelity National Information Services worth $114,936,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FIS. Bradley Foster & Sargent Inc. CT lifted its holdings in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 128 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 129 shares in the last quarter. Old Port Advisors lifted its stake in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares in the last quarter. Modera Wealth Management LLC lifted its position in Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after purchasing an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Fidelity National Information Services by 3.8% in the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after buying an additional 138 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services 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 purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FIS. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. UBS Group decreased their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Compass Point decreased their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $75.79 on Thursday. The stock has a market capitalization of $40.15 billion, a PE ratio of 29.04, a PEG 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. The stock has a 50-day simple moving average of $74.12 and a 200-day simple moving average of $80.93. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.94 earnings per share. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.40 dividend. 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 2.11%. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.