MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 12,030 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 295,712 shares of the information technology services provider's stock after buying an additional 12,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Fidelity National Information Services worth $23,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of Fidelity National Information Services by 3.8% in the 4th 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 purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Information Services by 1.6% during 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 last quarter. Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% during the 4th 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 stake in shares of Fidelity National Information Services in the 4th quarter valued at about $635,202,000. Finally, Invesco Ltd. raised its position in shares of Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after acquiring an additional 632,328 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $0.15 during midday trading on Tuesday, hitting $80.84. 790,958 shares of the company's stock were exchanged, compared to its average volume of 3,483,098. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company's 50 day moving average price is $74.94 and its 200 day moving average price is $78.16. 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 firm has a market capitalization of $42.47 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

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

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird raised their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Compass Point decreased their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley cut 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 report on Wednesday, February 12th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.11.

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.