Wellington Management Group LLP Has $1.74 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Wellington Management Group LLP grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,587 shares of the information technology services provider's stock after buying an additional 4,180 shares during the quarter. Wellington Management Group LLP's holdings in Fidelity National Information Services were worth $1,744,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FIS. Brighton Jones LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $347,000. DAVENPORT & Co LLC boosted its position in shares of Fidelity National Information Services by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 7,970 shares of the information technology services provider's stock worth $644,000 after buying an additional 187 shares during the period. Greenleaf Trust grew its holdings in shares of Fidelity National Information Services by 6.9% during the fourth quarter. Greenleaf Trust now owns 3,787 shares of the information technology services provider's stock valued at $306,000 after buying an additional 244 shares in the last quarter. Y.D. More Investments Ltd raised its position in Fidelity National Information Services by 5.6% during the fourth quarter. Y.D. More Investments Ltd now owns 3,566 shares of the information technology services provider's stock valued at $288,000 after buying an additional 188 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Fidelity National Information Services by 17.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,644 shares of the information technology services provider's stock valued at $7,160,000 after buying an additional 12,897 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.48 during trading on Monday, reaching $81.71. The company had a trading volume of 2,213,173 shares, compared to its average volume of 3,458,275. The firm's 50 day simple moving average is $76.62 and its two-hundred day simple moving average is $77.38. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. 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 capitalization of $42.93 billion, a PE ratio of 31.31, a PEG ratio of 1.23 and a beta of 1.06.

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 for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. Fidelity National Information Services's payout ratio is presently 105.96%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the 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 completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. TD Cowen raised 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 note on Monday, April 21st. Oppenheimer raised 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 research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Company 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.