DnB Asset Management AS Acquires 88,875 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

DnB Asset Management AS grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 92.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,532 shares of the information technology services provider's stock after buying an additional 88,875 shares during the quarter. DnB Asset Management AS's holdings in Fidelity National Information Services were worth $14,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Level Four Advisory Services LLC boosted its position in Fidelity National Information Services by 3.8% in the fourth quarter. Level Four Advisory Services LLC now owns 40,642 shares of the information technology services provider's stock worth $3,283,000 after purchasing an additional 1,489 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Fidelity National Information Services by 11.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 339,661 shares of the information technology services provider's stock valued at $27,434,000 after buying an additional 33,948 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Fidelity National Information Services by 1.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 571,005 shares of the information technology services provider's stock valued at $46,120,000 after buying an additional 8,546 shares during the last quarter. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $635,202,000. Finally, Blair William & Co. IL grew its position in shares of Fidelity National Information Services by 2.5% during the 4th quarter. Blair William & Co. IL now owns 406,420 shares of the information technology services provider's stock valued at $32,827,000 after acquiring an additional 9,772 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

FIS has been the topic of a number of recent research reports. Barclays decreased their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. UBS Group reduced their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.65.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.28 on Wednesday, reaching $75.85. The company's stock had a trading volume of 766,164 shares, compared to its average volume of 3,402,450. The company has a 50-day simple moving average of $74.18 and a 200 day simple moving average of $80.96. 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 company has a market cap of $40.18 billion, a P/E ratio of 29.06, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

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

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. 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.