Robeco Institutional Asset Management B.V. Buys 297,266 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Robeco Institutional Asset Management B.V. lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 89.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,999 shares of the information technology services provider's stock after acquiring an additional 297,266 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Fidelity National Information Services worth $52,846,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FIS. Chicago Partners Investment Group LLC boosted its stake in Fidelity National Information Services by 8.2% in the third quarter. Chicago Partners Investment Group LLC now owns 9,657 shares of the information technology services provider's stock worth $868,000 after purchasing an additional 734 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Fidelity National Information Services by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider's stock worth $285,000 after buying an additional 254 shares in the last quarter. Lebenthal Global Advisors LLC grew its holdings in Fidelity National Information Services by 13.7% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 8,993 shares of the information technology services provider's stock worth $753,000 after acquiring an additional 1,083 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Fidelity National Information Services by 1.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,809 shares of the information technology services provider's stock valued at $1,324,000 after acquiring an additional 195 shares in the last quarter. Finally, abrdn plc raised its stake in shares of Fidelity National Information Services by 0.9% in the third quarter. abrdn plc now owns 637,947 shares of the information technology services provider's stock worth $53,256,000 after acquiring an additional 5,431 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $3.13 during trading on Tuesday, reaching $86.57. 5,950,550 shares of the company's stock were exchanged, compared to its average volume of 3,748,878. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day moving average price of $85.64 and a 200-day moving average price of $79.06. The stock has a market capitalization of $47.23 billion, a P/E ratio of 34.55, a PEG ratio of 0.79 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $49.91 and a fifty-two week high of $91.98.

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, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is 57.37%.

Analysts Set New Price Targets

FIS has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday. Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday. Susquehanna upped their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday. Finally, Bank of America lifted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.75.

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.