World Investment Advisors Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

World Investment Advisors increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,995 shares of the information technology services provider’s stock after buying an additional 2,024 shares during the period. World Investment Advisors’ holdings in Fidelity National Information Services were worth $5,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the 4th quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership grew its position in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. KBC Group NV lifted its stake in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Fidelity National Information Services by 922.3% during the 4th quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock valued at $54,101,000 after purchasing an additional 605,640 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Compass Point dropped 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 report on Wednesday, February 12th. Morgan Stanley decreased their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report 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. Finally, Barclays cut their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Trading Down 1.7 %

Fidelity National Information Services stock opened at $74.46 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.23 and a beta of 1.06. The firm has a 50 day moving average of $74.02 and a 200 day moving average of $80.88. 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 (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 posted $0.94 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.