Forsta AP Fonden Decreases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Forsta AP Fonden lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 200,800 shares of the information technology services provider’s stock after selling 37,700 shares during the quarter. Forsta AP Fonden’s holdings in Fidelity National Information Services were worth $15,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Jump Financial LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $752,000. Envestnet Portfolio Solutions Inc. boosted its position in Fidelity National Information Services by 12.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 36,093 shares of the information technology services provider’s stock valued at $2,168,000 after buying an additional 3,894 shares during the period. Ieq Capital LLC boosted its position in Fidelity National Information Services by 20.3% in the 4th quarter. Ieq Capital LLC now owns 15,668 shares of the information technology services provider’s stock valued at $941,000 after buying an additional 2,641 shares during the period. Avantax Advisory Services Inc. boosted its position in Fidelity National Information Services by 54.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 35,597 shares of the information technology services provider’s stock valued at $2,138,000 after buying an additional 12,581 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Fidelity National Information Services by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 602,708 shares of the information technology services provider’s stock valued at $36,289,000 after buying an additional 31,569 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.8 %

NYSE FIS opened at $84.23 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $46.85 billion, a PE ratio of -8.23, a P/E/G ratio of 0.80 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $84.40. The firm’s fifty day moving average is $78.05 and its two-hundred day moving average is $74.82.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research report on Monday, July 22nd. UBS Group lifted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen lifted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $80.65.

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.