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

Great Lakes Retirement Inc. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,751 shares of the information technology services provider’s stock after buying an additional 1,173 shares during the period. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $1,848,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $451,458,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fidelity National Information Services by 100.0% in the fourth 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 acquiring an additional 1,616,146 shares in the last quarter. Capital Research Global Investors boosted its holdings in Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. Finally, Northern Trust Corp increased its holdings in Fidelity National Information Services by 16.5% during the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider’s stock worth $559,399,000 after purchasing an additional 982,955 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIS shares. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research note on Wednesday, April 23rd. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Monday, April 21st. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $79.29 on Monday. The firm’s fifty day moving average price is $77.56 and its 200 day moving average price is $77.23. 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 firm has a market cap of $41.66 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted $1.33 EPS. Fidelity National Information Services’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by corporate insiders.

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.