MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 76,745 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 354.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,425 shares of the information technology services provider’s stock after acquiring an additional 76,745 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Fidelity National Information Services were worth $7,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $2,461,000. Savant Capital LLC lifted its stake in shares of Fidelity National Information Services by 7.5% in the fourth quarter. Savant Capital LLC now owns 5,713 shares of the information technology services provider’s stock worth $343,000 after buying an additional 400 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Fidelity National Information Services by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 92,749 shares of the information technology services provider’s stock worth $5,571,000 after buying an additional 571 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Fidelity National Information Services by 13.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 10,877 shares of the information technology services provider’s stock worth $653,000 after buying an additional 1,278 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in shares of Fidelity National Information Services by 7.1% in the fourth quarter. Natixis Advisors L.P. now owns 395,507 shares of the information technology services provider’s stock worth $23,758,000 after buying an additional 26,066 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.12 during mid-day trading on Friday, reaching $82.45. 4,283,902 shares of the stock were exchanged, compared to its average volume of 2,943,980. The company has a market cap of $44.98 billion, a price-to-earnings ratio of -8.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $76.69 and a 200 day simple moving average of $73.69. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $82.48.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is presently -14.08%.

Analysts Set New Price Targets

Several equities analysts recently commented on FIS shares. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada increased their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.65.

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.