Fidelity National Information Services, Inc. (NYSE:FIS) Stake Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,712 shares of the information technology services provider’s stock after purchasing an additional 12,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Fidelity National Information Services worth $23,884,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIS. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Grove Bank & Trust raised its holdings in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 509 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 844 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Up 0.2%

FIS stock opened at $77.82 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a market cap of $40.89 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The business’s 50-day simple moving average is $74.31 and its 200 day simple moving average is $78.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. TD Cowen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Monday, April 21st. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Stephens raised their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company cut their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

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.