Swedbank AB Buys 5,016 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Swedbank AB lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 365,785 shares of the information technology services provider’s stock after purchasing an additional 5,016 shares during the quarter. Swedbank AB’s holdings in Fidelity National Information Services were worth $29,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Creative Planning lifted its holdings in shares of Fidelity National Information Services by 13.5% during the 2nd quarter. Creative Planning now owns 64,571 shares of the information technology services provider’s stock worth $4,866,000 after acquiring an additional 7,656 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth approximately $6,673,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the second quarter valued at about $30,000. Norman Fields Gottscho Capital Management LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $221,000. Finally, Abacus Planning Group Inc. bought a new position in Fidelity National Information Services in the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $82.03 on Friday. The company’s 50-day moving average price is $81.82 and its 200-day moving average price is $82.55. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a twelve month low of $60.39 and a twelve month high of $91.98. The company has a market cap of $44.16 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed 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 is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FIS shares. Mizuho upped their price target on 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. TD Cowen upped their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Wells Fargo & Company started coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $104.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.