MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,943 shares of the information technology services provider’s stock after selling 12,117 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Fidelity National Information Services were worth $7,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FIS. Avanza Fonder AB acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $3,227,000. CENTRAL TRUST Co grew its holdings in 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 worth $991,000 after acquiring an additional 10,452 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fidelity National Information Services by 51.4% in the 3rd 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 purchasing an additional 25,701 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter worth about $1,002,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FIS shares. Royal Bank of Canada reissued an “outperform” rating and issued a $104.00 price objective on shares of Fidelity National Information Services in a report on Wednesday. Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Barclays lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. 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 research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $79.23 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $59.90 and a 1 year high of $91.98. The firm has a market cap of $42.66 billion, a P/E ratio of 31.57, a PEG ratio of 0.60 and a beta of 1.04. The stock has a fifty day moving average price of $82.54 and a two-hundred day moving average price of $82.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

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

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services 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.