Michels Family Financial LLC Buys Shares of 6,577 Fidelity National Information Services, Inc. (NYSE:FIS)

Michels Family Financial LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,577 shares of the information technology services provider's stock, valued at approximately $531,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in 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 valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 208,127 shares in the last quarter. Boston Partners lifted its position in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after acquiring an additional 446,544 shares in the last quarter. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter worth $635,202,000. Finally, Invesco Ltd. increased its holdings in shares of Fidelity National Information Services by 9.1% in 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 during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $2.13 during trading hours on Thursday, reaching $77.84. The company had a trading volume of 1,809,020 shares, compared to its average volume of 3,470,183. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The firm has a market cap of $40.90 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.23 and a beta of 1.08. The firm's 50 day moving average price is $75.86 and its 200-day moving average price is $77.89.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIS. Compass Point reduced their price objective 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. Stephens increased their target price 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. Royal Bank of Canada dropped their target price 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. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. One 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. According to MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price 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.