Mackenzie Financial Corp Purchases 344,869 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mackenzie Financial Corp boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 409.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 429,092 shares of the information technology services provider’s stock after buying an additional 344,869 shares during the quarter. Mackenzie Financial Corp’s holdings in Fidelity National Information Services were worth $32,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Fidelity National Information Services by 3.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock worth $1,959,000 after buying an additional 1,123 shares during the last quarter. TD Asset Management Inc raised its stake in Fidelity National Information Services by 5.7% in the 4th quarter. TD Asset Management Inc now owns 254,932 shares of the information technology services provider’s stock valued at $15,314,000 after acquiring an additional 13,758 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in Fidelity National Information Services during the 4th quarter valued at $208,000. Brown Brothers Harriman & Co. boosted its position in Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after purchasing an additional 166 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Fidelity National Information Services by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 944,718 shares of the information technology services provider’s stock valued at $56,749,000 after purchasing an additional 5,327 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FIS. UBS Group lifted their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen lifted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $83.13 on Friday. The firm’s 50 day simple moving average is $79.90 and its 200 day simple moving average is $76.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of -8.13, a P/E/G ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.55 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.