Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,834 shares of the information technology services provider’s stock after acquiring an additional 554 shares during the period. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $1,471,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FIL Ltd increased its stake in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after buying an additional 2,758,049 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after purchasing an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Services during the 4th quarter worth $478,594,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fidelity National Information Services by 25.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock worth $301,194,000 after acquiring an additional 1,027,466 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIS. Wedbush reiterated an “outperform” rating and issued a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Barclays increased their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 1.0 %

Shares of NYSE FIS traded down $0.77 during mid-day trading on Friday, reaching $75.27. The company had a trading volume of 2,987,491 shares, compared to its average volume of 4,248,938. The stock has a fifty day moving average of $76.14 and a two-hundred day moving average of $70.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of -7.36, a PEG ratio of 0.79 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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.