Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 508,272 shares of the information technology services provider's stock after acquiring an additional 31,146 shares during the period. Mackenzie Financial Corp owned 0.10% of Fidelity National Information Services worth $41,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the fourth quarter worth approximately $40,000. CoreCap Advisors LLC increased its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the period. Sound Income Strategies LLC increased its position in 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 worth $49,000 after buying an additional 250 shares during the period. Finally, Avion Wealth increased its position in Fidelity National Information Services by 503.0% during the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after buying an additional 508 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Compass Point lowered their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.11.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost 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. This trade represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $0.30 during trading on Friday, reaching $78.57. The company's stock had a trading volume of 840,964 shares, compared to its average volume of 3,466,419. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a market capitalization of $41.28 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The business has a 50 day moving average price of $75.94 and a 200-day moving average price of $77.82.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly 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. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid 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 2.04%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

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.