Brown Brothers Harriman & Co. Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Brown Brothers Harriman & Co. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 139.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 637 shares of the information technology services provider’s stock after purchasing an additional 371 shares during the period. Brown Brothers Harriman & Co.’s holdings in Fidelity National Information Services were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. State Street Corp boosted its position in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after acquiring an additional 211,787 shares during the last quarter. Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. Finally, Prudential Financial Inc. boosted its stake in Fidelity National Information Services by 3.0% during the fourth quarter. Prudential Financial Inc. now owns 1,342,287 shares of the information technology services provider’s stock worth $108,417,000 after buying an additional 38,555 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Barclays reduced their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada dropped their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $75.79 on Thursday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The stock has a market capitalization of $40.15 billion, a PE ratio of 29.04, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day simple moving average of $74.12 and a 200-day simple moving average of $80.93.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (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 prior year, the company earned $0.94 earnings per share. On average, analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

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.