Elo Mutual Pension Insurance Co Purchases 6,428 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Elo Mutual Pension Insurance Co raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,530 shares of the information technology services provider’s stock after acquiring an additional 6,428 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Information Services were worth $4,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in shares of Fidelity National Information Services by 117.1% in the third quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider’s stock worth $4,017,000 after buying an additional 25,870 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. FMR LLC grew its position in shares of Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after acquiring an additional 174,673 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth $62,000. Finally, Avestar Capital LLC bought a new position in Fidelity National Information Services in the 3rd quarter worth $274,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.8 %

Shares of FIS opened at $75.17 on Friday. The business’s 50 day simple moving average is $74.44 and its 200-day simple moving average is $81.19. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts expect 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.40 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 2.13%. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. Stephens reduced their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Compass Point reduced their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Barclays lowered their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $88.65.

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.