Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,417 shares of the information technology services provider’s stock after buying an additional 2,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fidelity National Information Services were worth $8,030,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Howard Capital Management Inc. increased its stake in Fidelity National Information Services by 7.6% in the 4th quarter. Howard Capital Management Inc. now owns 3,791 shares of the information technology services provider’s stock valued at $306,000 after buying an additional 267 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 13.8% in the fourth quarter. Wealthspire Advisors LLC now owns 5,438 shares of the information technology services provider’s stock valued at $439,000 after acquiring an additional 658 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $205,000. Redmond Asset Management LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at about $265,000. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Morgan Stanley reduced their target price 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. Mizuho upped their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped 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 research report on Tuesday, November 5th. Finally, Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $69.38 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $62.63 and a one year high of $91.98. The business’s 50-day simple moving average is $78.42 and its 200 day simple moving average is $82.57. The company has a market cap of $36.75 billion, a P/E ratio of 26.58, a PEG ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 in the prior year, the business posted $0.94 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

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.