Massachusetts Financial Services Co. MA Buys 211,494 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Massachusetts Financial Services Co. MA raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,503,301 shares of the information technology services provider’s stock after acquiring an additional 211,494 shares during the period. Massachusetts Financial Services Co. MA owned about 3.37% of Fidelity National Information Services worth $2,237,936,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Great Lakes Advisors LLC raised its holdings in Fidelity National Information Services by 4.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,184 shares of the information technology services provider’s stock valued at $238,000 after acquiring an additional 88 shares in the last quarter. Annex Advisory Services LLC raised its holdings in Fidelity National Information Services by 0.7% in the 4th quarter. Annex Advisory Services LLC now owns 13,110 shares of the information technology services provider’s stock valued at $1,431,000 after acquiring an additional 90 shares in the last quarter. AllSquare Wealth Management LLC raised its holdings in Fidelity National Information Services by 28.3% in the 3rd quarter. AllSquare Wealth Management LLC now owns 431 shares of the information technology services provider’s stock valued at $52,000 after acquiring an additional 95 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in Fidelity National Information Services by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 10,253 shares of the information technology services provider’s stock valued at $1,119,000 after acquiring an additional 95 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in Fidelity National Information Services by 7.8% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,705 shares of the information technology services provider’s stock valued at $208,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.

Several equities analysts have weighed in on FIS shares. Citigroup dropped their price objective on Fidelity National Information Services from $138.00 to $130.00 in a report on Monday, April 25th. Raymond James lowered their price target on Fidelity National Information Services from $155.00 to $152.00 and set a “strong-buy” rating for the company in a report on Tuesday, January 11th. KeyCorp lowered their price target on Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 28th. Exane BNP Paribas raised Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price target for the company in a report on Monday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Fidelity National Information Services from $155.00 to $116.00 in a report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $137.36.

Shares of NYSE:FIS traded up $0.20 during midday trading on Tuesday, reaching $94.74. The company’s stock had a trading volume of 2,694,982 shares, compared to its average volume of 4,122,678. The firm has a 50 day moving average price of $97.99 and a two-hundred day moving average price of $105.85. Fidelity National Information Services, Inc. has a fifty-two week low of $85.00 and a fifty-two week high of $152.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $57.86 billion, a price-to-earnings ratio of 64.06, a PEG ratio of 0.99 and a beta of 0.70.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 7.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 127.03%.

Fidelity National Information Services Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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