National Pension Service Buys 222,435 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

National Pension Service lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,137,915 shares of the information technology services provider’s stock after acquiring an additional 222,435 shares during the period. National Pension Service owned approximately 0.21% of Fidelity National Information Services worth $91,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FIS. Larson Financial Group LLC boosted its stake in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the third quarter valued at $28,000. R Squared Ltd bought a new stake in Fidelity National Information Services during the fourth quarter valued at $30,000. Groupama Asset Managment boosted its stake in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Finally, Morse Asset Management Inc bought a new stake in Fidelity National Information Services during the third quarter valued at $37,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Down 0.6 %

FIS opened at $68.89 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $66.20 and a 12 month high of $91.98. The company has a market cap of $36.49 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $77.91 and its 200-day moving average price is $82.42.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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 quarter in the prior year, the firm posted $0.94 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Wells Fargo & Company lowered 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. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird raised their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $87.36.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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.