Ensign Peak Advisors Inc Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Ensign Peak Advisors Inc raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,052 shares of the information technology services provider's stock after acquiring an additional 88,489 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Fidelity National Information Services worth $27,466,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in shares of 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 worth $2,377,325,000 after buying an additional 1,082,929 shares during the period. Geode Capital Management LLC raised its stake in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after buying an additional 208,127 shares during the period. Boston Partners raised its stake 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 worth $968,326,000 after buying an additional 446,544 shares during the period. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $635,202,000. Finally, Invesco Ltd. grew its position in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after purchasing an additional 632,328 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS stock traded up $0.14 on Wednesday, reaching $77.82. 4,415,021 shares of the company's stock were exchanged, compared to its average volume of 3,507,324. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $40.89 billion, a PE ratio of 29.82, a P/E/G ratio of 1.23 and a beta of 1.08. The company's fifty day simple moving average is $74.18 and its 200 day simple moving average is $78.55.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results 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. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. Fidelity National Information Services's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIS. Royal Bank of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Compass Point cut their price target on 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. Wells Fargo & Company cut their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Oppenheimer raised 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.11.

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.