Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by National Pension Service

National Pension Service lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 915,480 shares of the information technology services provider's stock after acquiring an additional 52,036 shares during the period. National Pension Service owned approximately 0.16% of Fidelity National Information Services worth $76,671,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Cadence Bank grew its holdings in Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock valued at $349,000 after purchasing an additional 135 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider's stock valued at $166,000 after purchasing an additional 143 shares in the last quarter. Concord Wealth Partners grew its holdings in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Finally, SageView Advisory Group LLC grew its holdings in Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider's stock valued at $853,000 after purchasing an additional 148 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIS. Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Royal Bank of Canada increased their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.75.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $0.16 during mid-day trading on Wednesday, hitting $86.41. The stock had a trading volume of 8,002,281 shares, compared to its average volume of 3,779,365. The stock has a market capitalization of $47.14 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a 50 day simple moving average of $85.85 and a 200-day simple moving average of $79.22. Fidelity National Information Services, Inc. has a 52 week low of $49.91 and a 52 week high of $91.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current fiscal 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 dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services's payout ratio is 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.