Deutsche Bank AG Purchases 391,025 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Deutsche Bank AG boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,084,299 shares of the information technology services provider's stock after acquiring an additional 391,025 shares during the period. Deutsche Bank AG owned 0.39% of Fidelity National Information Services worth $168,349,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. Grove Bank & Trust raised its position in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

FIS traded down $1.18 during trading on Tuesday, hitting $77.70. The stock had a trading volume of 3,655,637 shares, compared to its average volume of 3,505,219. The company has a 50 day simple moving average of $74.04 and a 200-day simple moving average of $78.55. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a market cap of $40.82 billion, a PE ratio of 29.77, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.33 EPS. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's payout ratio is presently 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIS. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Stephens upped their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $91.11.

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.