Toronto Dominion Bank Purchases 45,154 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Toronto Dominion Bank boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,972 shares of the information technology services provider's stock after acquiring an additional 45,154 shares during the quarter. Toronto Dominion Bank's holdings in Fidelity National Information Services were worth $18,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Capital Research Global Investors grew its stake in shares of 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 buying an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Information Services by 1.6% in the fourth 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 purchasing an additional 208,127 shares during the period. Boston Partners boosted its holdings in Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after purchasing an additional 446,544 shares during the period. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter valued at $635,202,000. Finally, Invesco Ltd. lifted its holdings in Fidelity National Information Services by 9.1% during the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after buying an additional 632,328 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. UBS Group boosted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reduced their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $1.21 during midday trading on Friday, hitting $79.48. 5,576,856 shares of the company's stock were exchanged, compared to its average volume of 3,484,976. 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 stock's 50 day moving average price is $75.94 and its 200-day moving average price is $77.82. The firm has a market cap of $41.76 billion, a P/E ratio of 30.45, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month 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. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities research 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 disclosed 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 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company 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.