Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 68.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,085 shares of the information technology services provider's stock after purchasing an additional 24,850 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Fidelity National Information Services were worth $4,934,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Capital Research Global Investors boosted its stake 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 buying an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 boosted its holdings in 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 valued at $968,326,000 after acquiring an additional 446,544 shares during the period. Norges Bank acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Finally, Invesco Ltd. increased its position in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after acquiring an additional 632,328 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FIS shares. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. Finally, Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average target price of $89.81.

Fidelity National Information Services Trading Down 0.6 %

Shares of NYSE:FIS traded down $0.45 during midday trading on Wednesday, reaching $75.45. The company's stock had a trading volume of 5,011,960 shares, compared to its average volume of 3,519,454. The firm has a market cap of $39.67 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth 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 company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $73.56 and a 200 day moving average price of $78.95.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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 quarter in the prior year, the business earned $1.33 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.