Korea Investment CORP Has $29.48 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Korea Investment CORP lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 88.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 364,933 shares of the information technology services provider’s stock after buying an additional 171,300 shares during the period. Korea Investment CORP’s holdings in Fidelity National Information Services were worth $29,476,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $2,593,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at $451,458,000. Avanza Fonder AB bought a new position in Fidelity National Information Services in the fourth quarter valued at about $3,227,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $2,313,000. Finally, Csenge Advisory Group raised its holdings in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Price Performance

FIS stock opened at $73.64 on Friday. The stock has a market cap of $39.01 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The stock has a 50-day moving average price of $74.34 and a two-hundred day moving average price of $81.13. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. 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 (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm posted $0.94 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

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.