198,667 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 198,667 shares of the information technology services provider's stock, valued at approximately $16,046,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. R Squared Ltd bought a new position in shares of Fidelity National Information Services in the fourth quarter worth approximately $30,000. Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $37,000. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Finally, Grove Bank & Trust raised its holdings in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.1 %

Fidelity National Information Services stock traded down $0.04 during trading hours on Tuesday, reaching $74.25. The stock had a trading volume of 2,919,562 shares, compared to its average volume of 3,375,832. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market cap of $39.33 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business's 50 day moving average price is $74.67 and its 200-day moving average price is $81.33.

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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 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 period in the prior year, the business earned $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. Fidelity National Information Services's payout ratio is presently 61.30%.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent analyst reports. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $88.65.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

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.