Goldman Sachs Group Inc. Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Goldman Sachs Group Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,712,794 shares of the information technology services provider's stock after purchasing an additional 419,199 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.04% of Fidelity National Information Services worth $800,032,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $347,000. Wellington Management Group LLP raised its position in shares of Fidelity National Information Services by 24.0% in the 4th quarter. Wellington Management Group LLP now owns 21,587 shares of the information technology services provider's stock worth $1,744,000 after acquiring an additional 4,180 shares in the last quarter. Wedbush Securities Inc. purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at approximately $224,000. Bank of Montreal Can grew its stake in Fidelity National Information Services by 4.3% in the fourth quarter. Bank of Montreal Can now owns 667,575 shares of the information technology services provider's stock worth $53,920,000 after purchasing an additional 27,277 shares during the period. Finally, Bank of Nova Scotia grew its stake in Fidelity National Information Services by 2.1% in the fourth quarter. Bank of Nova Scotia now owns 71,780 shares of the information technology services provider's stock worth $5,798,000 after purchasing an additional 1,446 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

FIS stock traded up $1.05 on Friday, hitting $71.12. The company had a trading volume of 4,362,174 shares, compared to its average volume of 3,083,271. The company has a current ratio of 0.59, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The stock has a market cap of $37.15 billion, a price-to-earnings ratio of 395.13 and a beta of 1.04. The stock's 50-day simple moving average is $79.78 and its 200 day simple moving average is $76.74.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. Fidelity National Information Services's revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is 888.89%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIS. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research report on Wednesday, April 23rd. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada dropped 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

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.