Franklin Resources Inc. Has $114.94 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,423,008 shares of the information technology services provider’s stock after buying an additional 83,773 shares during the quarter. Franklin Resources Inc.’s holdings in Fidelity National Information Services were worth $114,936,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FIS. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership lifted its stake in Fidelity National Information Services by 100.0% in the fourth 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 buying an additional 1,616,146 shares during the period. KBC Group NV increased its stake in Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Fidelity National Information Services by 922.3% in the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock valued at $54,101,000 after purchasing an additional 605,640 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIS has been the topic of a number of recent analyst reports. Barclays decreased their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Up 1.6 %

FIS opened at $75.79 on Thursday. The company has a 50 day moving average of $74.12 and a 200 day moving average of $80.93. The company has a market cap of $40.15 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Fidelity National Information Services 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.