Fidelity National Information Services, Inc. (NYSE:FIS) Stake Boosted by Korea Investment CORP

Korea Investment CORP raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 88.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,933 shares of the information technology services provider’s stock after buying an additional 171,300 shares during the quarter. Korea Investment CORP owned 0.07% of Fidelity National Information Services worth $29,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. Groupama Asset Managment boosted its position in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares during the period. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the third quarter valued at $37,000. Finally, OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $40,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market cap of $39.01 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.23 and a beta of 1.10. The business’s 50 day moving average is $74.34 and its two-hundred day moving average is $81.13.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) 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 period last year, the business posted $0.94 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research reports. UBS Group dropped their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price target 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. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Company 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.