Avanza Fonder AB Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Avanza Fonder AB bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,952 shares of the information technology services provider's stock, valued at approximately $3,227,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after acquiring an additional 211,787 shares in the last quarter. Legal & General Group Plc raised its position in shares of Fidelity National Information Services by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock worth $372,135,000 after purchasing an additional 75,429 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after buying an additional 538,514 shares in the last quarter. Raymond James & Associates boosted its holdings in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after buying an additional 3,357,329 shares during the last quarter. Finally, FMR LLC increased its stake in Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after buying an additional 174,673 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Down 0.0 %

Shares of NYSE FIS traded down $0.01 during mid-day trading on Friday, hitting $78.70. The company had a trading volume of 3,149,968 shares, compared to its average volume of 2,263,666. The company has a market capitalization of $42.37 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. The business's 50-day simple moving average is $83.12 and its 200 day simple moving average is $82.25. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Analyst Ratings Changes

A number of research firms have commented on FIS. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. TD Cowen increased 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 initiated coverage on Fidelity National Information Services in a research report on Tuesday. They set an "equal weight" rating and a $88.00 price objective on the stock. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Finally, Stephens lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average target price of $92.00.

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.