Raymond James Financial Inc. Purchases New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,589,431 shares of the information technology services provider's stock, valued at approximately $451,458,000. Raymond James Financial Inc. owned 1.04% of Fidelity National Information Services as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after acquiring an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after purchasing an additional 538,514 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Fidelity National Information Services by 41.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider's stock worth $72,306,000 after purchasing an additional 264,209 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Fidelity National Information Services by 24.3% in the 4th quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider's stock worth $91,909,000 after purchasing an additional 222,435 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.08 during mid-day trading on Friday, reaching $71.47. 4,576,482 shares of the company traded hands, compared to its average volume of 3,358,818. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 52 week low of $66.72 and a 52 week high of $91.98. The firm has a market cap of $37.86 billion, a PE ratio of 27.38, a PEG ratio of 1.23 and a beta of 1.10. The company's 50 day moving average price is $76.36 and its 200-day moving average price is $82.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $0.94 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. BNP Paribas downgraded Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Wells Fargo & Company dropped their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $88.65.

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.