Michels Family Financial LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after buying an additional 1,616,146 shares during the period. KBC Group NV boosted its stake in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after buying an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors boosted its stake 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 valued at $2,377,325,000 after buying an additional 1,082,929 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FIS shares. Barclays decreased their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. Compass Point decreased their price objective 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. Finally, Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services Stock Performance

FIS traded down $0.00 during trading on Wednesday, hitting $79.96. 2,609,848 shares of the stock were exchanged, compared to its average volume of 3,481,891. The firm has a market capitalization of $42.01 billion, a P/E ratio of 30.63, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The stock has a fifty day moving average price of $75.73 and a two-hundred day moving average price of $77.88. 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 (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared 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 2.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price 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 approximately $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.