Man Group plc Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Man Group plc raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 187.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 455,043 shares of the information technology services provider's stock after purchasing an additional 296,742 shares during the period. Man Group plc owned approximately 0.08% of Fidelity National Information Services worth $36,754,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FIS. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after buying an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after buying an additional 129 shares during the last quarter. Modera Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after buying an additional 137 shares during the last quarter. Center for Financial Planning Inc. boosted its stake in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after buying an additional 138 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Fidelity National Information Services by 5.4% in the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider's stock worth $228,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.04 during trading on Friday, hitting $79.75. The stock had a trading volume of 4,884,589 shares, compared to its average volume of 3,494,924. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The business's 50-day moving average is $74.69 and its 200 day moving average is $78.30. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.23 and a beta of 1.08. 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 (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 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. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.01%. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Oppenheimer upgraded 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 note on Wednesday, April 23rd. Compass Point dropped 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. UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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 purchased 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company's stock.

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.