APG Asset Management N.V. Invests $23.28 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

APG Asset Management N.V. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 298,500 shares of the information technology services provider's stock, valued at approximately $23,283,000. APG Asset Management N.V. owned 0.06% of Fidelity National Information Services as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the third quarter worth about $37,000. Stifel Financial Corp increased its holdings in Fidelity National Information Services by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 182,032 shares of the information technology services provider's stock worth $15,245,000 after purchasing an additional 7,151 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Fidelity National Information Services by 2.5% in the third quarter. Public Employees Retirement System of Ohio now owns 258,147 shares of the information technology services provider's stock worth $21,620,000 after purchasing an additional 6,251 shares during the last quarter. Continuum Advisory LLC grew its holdings in Fidelity National Information Services by 4.6% during the third quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider's stock worth $281,000 after buying an additional 141 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its position in Fidelity National Information Services by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider's stock valued at $898,000 after buying an additional 499 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $88.89.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were purchased 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 of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $0.61 during trading on Tuesday, reaching $70.75. 1,109,443 shares of the company traded hands, compared to its average volume of 3,465,124. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $72.07 and a 200-day simple moving average of $80.00. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The stock has a market capitalization of $37.48 billion, a PE ratio of 27.11, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a boost 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 2.26%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

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.