Nordea Investment Management AB Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Nordea Investment Management AB raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% in the first quarter, Holdings Channel.com reports. The fund owned 43,236 shares of the information technology services provider’s stock after buying an additional 971 shares during the quarter. Nordea Investment Management AB’s holdings in Fidelity National Information Services were worth $3,222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Fidelity National Information Services by 12.7% during the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock valued at $3,199,306,000 after acquiring an additional 6,503,451 shares during the period. FIL Ltd boosted its position in shares of Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after buying an additional 2,758,049 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after buying an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after buying an additional 537,180 shares during the period. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $478,594,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Mizuho upped their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Robert W. Baird boosted their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Evercore ISI boosted their price target on Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.32.

Fidelity National Information Services Stock Up 0.3 %

NYSE:FIS opened at $73.92 on Thursday. The firm has a market capitalization of $41.12 billion, a PE ratio of -7.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The stock has a 50 day moving average of $75.63 and a 200-day moving average of $69.59. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

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.