Mackenzie Financial Corp Boosts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Mackenzie Financial Corp lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.9% in the fourth quarter, HoldingsChannel reports. The firm owned 92,258 shares of the information technology services provider’s stock after buying an additional 10,521 shares during the period. Mackenzie Financial Corp’s holdings in Fidelity National Information Services were worth $5,542,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors Inc. increased its holdings in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock worth $756,000 after buying an additional 111 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Fidelity National Information Services by 3.8% during the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock worth $311,000 after buying an additional 112 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after buying an additional 203 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Fidelity National Information Services by 14.4% during the 3rd quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after buying an additional 206 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $70.73 on Friday. The stock has a market cap of $40.77 billion, a P/E ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. The company has a fifty day simple moving average of $69.22 and a 200-day simple moving average of $61.34. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $1.71 earnings per share. Fidelity National Information Services’s revenue was down .6% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Fidelity National Information Services declared that its board has approved a share repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on FIS. Bank of America lifted their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price for the company. Finally, UBS Group lifted their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $71.59.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by corporate insiders.

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.