Forsta AP Fonden Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Forsta AP Fonden grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 203,300 shares of the information technology services provider's stock after purchasing an additional 3,300 shares during the quarter. Forsta AP Fonden's holdings in Fidelity National Information Services were worth $16,421,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FIS. State Street Corp increased its stake in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after buying an additional 211,787 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Fidelity National Information Services by 13.8% during 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 purchasing an additional 538,514 shares in the last quarter. Raymond James & Associates raised its stake in Fidelity National Information Services by 449.8% in the third 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 in the last quarter. FMR LLC lifted its holdings in Fidelity National Information Services by 6.7% in the third 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 during the period. Finally, Franklin Resources Inc. boosted its position in Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after acquiring an additional 112,842 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $92.00.

Fidelity National Information Services Stock Performance

FIS stock traded up $1.46 during midday trading on Thursday, reaching $82.10. 302,936 shares of the company's stock traded hands, compared to its average volume of 2,182,421. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $44.20 billion, a P/E ratio of 32.71, a PEG ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. The stock's 50-day moving average is $81.82 and its 200 day moving average is $82.55.

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

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price 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 in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's 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 transaction, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Profile

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.