Mackenzie Financial Corp Increases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Mackenzie Financial Corp increased its stake in Fidelity National Information Services by 9.3%, acquiring 47,162 additional shares, bringing its total ownership to 555,434 shares valued at approximately $41.48 million.
• Fidelity National Information Services recently reported a quarterly EPS of $1.21, beating estimates, with revenues reaching $2.53 billion, a 2.6% increase compared to the previous year.
• Analyst sentiment towards Fidelity National Information Services is generally favorable, with an average rating of "Moderate Buy" and a price target increase, indicating market confidence in the stock's performance.

Mackenzie Financial Corp raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 555,434 shares of the information technology services provider's stock after purchasing an additional 47,162 shares during the quarter. Mackenzie Financial Corp owned 0.11% of Fidelity National Information Services worth $41,480,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC raised its position in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares during the last quarter. YANKCOM Partnership increased its position in Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Kennebec Savings Bank increased its position in Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in 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 worth $46,000 after purchasing an additional 509 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FIS shares. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $79.00 to $86.00 in a report on Monday, April 21st. Royal Bank Of Canada decreased their price objective on shares of 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. Oppenheimer upgraded shares of 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 report on Wednesday, April 23rd. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Monday, April 21st. Finally, Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.00.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $1.26 during midday trading on Thursday, reaching $79.38. 2,869,981 shares of the stock were exchanged, compared to its average volume of 2,024,983. The firm has a market cap of $41.71 billion, a price-to-earnings ratio of 52.57 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm has a 50-day simple moving average of $80.45 and a two-hundred day simple moving average of $76.96. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. Fidelity National Information Services's payout ratio is 105.96%.

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.