Franklin Resources Inc. Has $86.21 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Franklin Resources Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 263.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 940,453 shares of the information technology services provider’s stock after acquiring an additional 681,782 shares during the period. Franklin Resources Inc.’s holdings in Fidelity National Information Services were worth $86,211,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FIS. Envestnet Asset Management Inc. grew its stake in Fidelity National Information Services by 23.4% during the first quarter. Envestnet Asset Management Inc. now owns 1,524,566 shares of the information technology services provider’s stock worth $153,097,000 after purchasing an additional 289,553 shares during the period. Commonwealth Equity Services LLC grew its stake in Fidelity National Information Services by 10.6% in the first quarter. Commonwealth Equity Services LLC now owns 54,206 shares of the information technology services provider’s stock valued at $5,443,000 after acquiring an additional 5,211 shares during the period. Victory Capital Management Inc. grew its stake in Fidelity National Information Services by 13.3% in the first quarter. Victory Capital Management Inc. now owns 1,686,607 shares of the information technology services provider’s stock valued at $167,917,000 after acquiring an additional 198,247 shares during the period. Clearstead Advisors LLC grew its stake in Fidelity National Information Services by 138.6% in the first quarter. Clearstead Advisors LLC now owns 7,691 shares of the information technology services provider’s stock valued at $772,000 after acquiring an additional 4,468 shares during the period. Finally, Legacy Financial Advisors Inc. acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $272,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $65.93 on Thursday. The firm has a market cap of $39.12 billion, a PE ratio of 43.09, a PEG ratio of 0.82 and a beta of 0.86. The stock’s fifty day moving average price is $74.49 and its two-hundred day moving average price is $89.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.77 and a quick ratio of 0.77. Fidelity National Information Services, Inc. has a 1 year low of $56.53 and a 1 year high of $122.06.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a $0.47 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. Fidelity National Information Services’s payout ratio is presently 122.88%.

Insider Buying and Selling at Fidelity National Information Services

In related news, CFO James W. Woodall sold 80,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the sale, the chief financial officer now directly owns 131,598 shares in the company, valued at approximately $11,853,031.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO James W. Woodall sold 80,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the sale, the chief financial officer now directly owns 131,598 shares in the company, valued at approximately $11,853,031.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary Norcross sold 39,403 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $93.20, for a total value of $3,672,359.60. Following the sale, the chief executive officer now owns 846,643 shares in the company, valued at $78,907,127.60. The disclosure for this sale can be found here. Insiders have sold a total of 199,403 shares of company stock worth $18,149,160 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. KeyCorp reduced their price objective on Fidelity National Information Services from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 23rd. Credit Suisse Group reduced their price objective on Fidelity National Information Services from $120.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $85.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. Atlantic Securities cut Fidelity National Information Services from an “overweight” rating to a “neutral” rating and cut their target price for the company from $125.00 to $90.00 in a research report on Wednesday, October 12th. Finally, Oppenheimer cut Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.46.

Fidelity National Information Services Company Profile

(Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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