State of Wyoming Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

State of Wyoming raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 144.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,713 shares of the information technology services provider's stock after buying an additional 3,374 shares during the quarter. State of Wyoming's holdings in Fidelity National Information Services were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors increased its position in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after buying an additional 208,127 shares during the period. Boston Partners increased its holdings in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after buying an additional 446,544 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $635,202,000. Finally, Invesco Ltd. lifted its holdings in 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 valued at $611,682,000 after acquiring an additional 632,328 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $80.99 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $42.55 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The stock's 50-day moving average is $74.94 and its two-hundred day moving average is $78.16. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Analyst Ratings Changes

FIS has been the topic of a number of research analyst reports. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a report on Wednesday, April 23rd. Compass Point lowered their target price on shares of 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. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.11.

Insider Buying and Selling at Fidelity National Information Services

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 acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by 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.

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