MML Investors Services LLC Buys 5,587 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

MML Investors Services LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,186 shares of the information technology services provider's stock after purchasing an additional 5,587 shares during the quarter. MML Investors Services LLC's holdings in Fidelity National Information Services were worth $3,327,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $30,000. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services in the third quarter worth $37,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $40,000. Grove Bank & Trust raised its stake in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 399 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased 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 approximately $860,301.68. This represents a 7.60 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FIS has been the topic of a number of recent analyst reports. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on 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. UBS Group lowered their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Finally, Compass Point lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.29.

Fidelity National Information Services Trading Up 1.1 %

Shares of NYSE:FIS traded up $0.82 during trading on Friday, reaching $78.53. 941,808 shares of the company traded hands, compared to its average volume of 3,895,007. The business's fifty day moving average is $72.96 and its 200-day moving average is $79.30. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $41.60 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business earned $0.94 EPS. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

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.