National Bank of Canada FI Has $27.57 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

National Bank of Canada FI increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 62.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,215 shares of the information technology services provider's stock after purchasing an additional 126,873 shares during the quarter. National Bank of Canada FI owned 0.06% of Fidelity National Information Services worth $27,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Graypoint LLC raised its stake in Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. increased its position in Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after buying an additional 135 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after buying an additional 137 shares in the last quarter. Concord Wealth Partners lifted its position in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock worth $37,000 after buying an additional 146 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of 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 acquiring an additional 159 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Morgan Stanley raised their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was 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. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.07 during midday trading on Tuesday, reaching $84.85. The company had a trading volume of 3,196,123 shares, compared to its average volume of 3,754,177. The stock has a fifty day simple moving average of $87.21 and a 200 day simple moving average of $81.35. Fidelity National Information Services, Inc. has a 1-year low of $57.13 and a 1-year high of $91.98. 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 company has a market capitalization of $45.68 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

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

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

Fidelity National Information Services Company 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.