The Manufacturers Life Insurance Company Has $342.30 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

The Manufacturers Life Insurance Company decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,237,903 shares of the information technology services provider's stock after selling 196,043 shares during the period. The Manufacturers Life Insurance Company owned 0.79% of Fidelity National Information Services worth $342,295,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter worth approximately $635,202,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $451,458,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares in the last quarter. KBC Group NV lifted its stake in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Finally, Capital Research Global Investors increased its position 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. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $1.23 during midday trading on Friday, reaching $78.94. 3,190,995 shares of the company traded hands, compared to its average volume of 3,525,656. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50-day simple moving average is $73.15 and its 200-day simple moving average is $79.23. The firm has a market cap of $41.51 billion, a PE ratio of 30.25, a PEG ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 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 last year, the firm earned $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced 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 of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Monday, April 21st. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. UBS Group lowered their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus price target of $89.29.

About Fidelity National Information Services

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.