Nordea Investment Management AB Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Nordea Investment Management AB increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1,304.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 605,237 shares of the information technology services provider's stock after buying an additional 562,154 shares during the period. Nordea Investment Management AB owned 0.11% of Fidelity National Information Services worth $48,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Everence Capital Management Inc. grew its holdings in shares of Fidelity National Information Services by 68.2% during the 4th quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider's stock worth $1,000,000 after purchasing an additional 5,020 shares in the last quarter. GAMMA Investing LLC lifted its position in Fidelity National Information Services by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider's stock worth $1,069,000 after purchasing an additional 1,364 shares during the period. Versant Capital Management Inc grew its stake in Fidelity National Information Services by 32.4% during the fourth quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider's stock worth $78,000 after buying an additional 237 shares in the last quarter. Old Port Advisors raised its position in shares of Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after buying an additional 135 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Fidelity National Information Services by 19.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 33,320 shares of the information technology services provider's stock worth $2,791,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FIS shares. BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Susquehanna increased their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. Finally, Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $115.00 to $101.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.19.

Fidelity National Information Services Trading Up 0.2 %

FIS stock traded up $0.18 during midday trading on Wednesday, hitting $79.34. The stock had a trading volume of 3,005,398 shares, compared to its average volume of 2,468,880. 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 business has a fifty day moving average price of $84.46 and a two-hundred day moving average price of $82.13. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The firm has a market cap of $42.71 billion, a P/E ratio of 31.61, 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 announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

Insiders Place Their Bets

In related news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.