Livforsakringsbolaget Skandia Omsesidigt Buys 688 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 93.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,423 shares of the information technology services provider’s stock after purchasing an additional 688 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Fidelity National Information Services were worth $85,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC increased its holdings in Fidelity National Information Services by 491.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock worth $391,000 after purchasing an additional 3,244 shares during the period. Synovus Financial Corp increased its holdings in Fidelity National Information Services by 71.6% during the 1st quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock worth $982,000 after purchasing an additional 4,085 shares during the period. Prudential PLC purchased a new position in Fidelity National Information Services during the 1st quarter worth $1,173,000. Baird Financial Group Inc. increased its holdings in Fidelity National Information Services by 8.2% during the 1st quarter. Baird Financial Group Inc. now owns 194,714 shares of the information technology services provider’s stock worth $19,553,000 after purchasing an additional 14,819 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $70.77 on Friday. The stock has a 50-day moving average of $69.22 and a two-hundred day moving average of $61.29. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $40.80 billion, a P/E ratio of -6.30, a P/E/G ratio of 0.89 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has authorized a stock buyback plan on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.03%. Fidelity National Information Services’s payout ratio is currently -12.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on FIS shares. UBS Group raised their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Morgan Stanley increased their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Bank of America increased their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their target price for the company from $76.00 to $78.00 in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada increased their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $71.59.

Fidelity National Information Services Profile

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.