Boston Partners lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,999,052 shares of the information technology services provider's stock after buying an additional 446,544 shares during the period. Fidelity National Information Services comprises about 1.2% of Boston Partners' portfolio, making the stock its 10th biggest holding. Boston Partners owned about 2.23% of Fidelity National Information Services worth $968,326,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC grew its position in Fidelity National Information Services by 220.0% during the 4th quarter. Intech Investment Management LLC now owns 40,518 shares of the information technology services provider's stock worth $3,273,000 after acquiring an additional 27,858 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $1,816,000. Thrivent Financial for Lutherans increased its stake in shares of Fidelity National Information Services by 6.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 83,829 shares of the information technology services provider's stock valued at $6,822,000 after buying an additional 5,344 shares during the period. Argent Advisors Inc. increased its stake in shares of Fidelity National Information Services by 5.1% in the fourth quarter. Argent Advisors Inc. now owns 13,826 shares of the information technology services provider's stock valued at $1,117,000 after buying an additional 671 shares during the period. Finally, Tocqueville Asset Management L.P. grew its stake in Fidelity National Information Services by 7.6% during the fourth quarter. Tocqueville Asset Management L.P. now owns 27,051 shares of the information technology services provider's stock worth $2,185,000 after purchasing an additional 1,902 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Compass Point decreased their target price 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. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada lowered their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus target price of $88.65.
Read Our Latest Stock Report on Fidelity National Information Services
Fidelity National Information Services Trading Down 1.4 %
NYSE FIS traded down $1.03 during trading on Friday, hitting $73.38. The stock had a trading volume of 6,912,484 shares, compared to its average volume of 3,383,020. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $38.87 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a 50 day simple moving average of $74.76 and a 200 day simple moving average of $81.40.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts predict 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 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 represents a $1.60 annualized dividend and a yield of 2.18%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.
Insider Activity at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Fidelity National Information Services Profile
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Free Report)
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.
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