The Manufacturers Life Insurance Company Purchases 538,514 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

The Manufacturers Life Insurance Company raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,433,946 shares of the information technology services provider’s stock after acquiring an additional 538,514 shares during the period. The Manufacturers Life Insurance Company owned about 0.82% of Fidelity National Information Services worth $371,343,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FIS. Qsemble Capital Management LP acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $1,274,000. Horizon Kinetics Asset Management LLC grew its position in Fidelity National Information Services by 30.8% in the third quarter. Horizon Kinetics Asset Management LLC now owns 31,840 shares of the information technology services provider’s stock valued at $2,667,000 after purchasing an additional 7,500 shares in the last quarter. DRW Securities LLC increased its stake in Fidelity National Information Services by 106.9% in the 3rd quarter. DRW Securities LLC now owns 8,022 shares of the information technology services provider’s stock valued at $672,000 after buying an additional 4,144 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in Fidelity National Information Services by 154.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,254 shares of the information technology services provider’s stock worth $859,000 after buying an additional 6,223 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Fidelity National Information Services by 6.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 70,643 shares of the information technology services provider’s stock worth $5,917,000 after buying an additional 4,121 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $84.39 on Tuesday. The business’s 50 day moving average is $86.95 and its 200-day moving average is $80.77. The firm has a market cap of $45.43 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $55.24 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.50.

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.