Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,661 shares of the information technology services provider's stock after buying an additional 33,948 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Fidelity National Information Services worth $27,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after buying an additional 211,787 shares in the last quarter. Boston Partners lifted its stake in Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after acquiring an additional 446,544 shares during the period. Norges Bank bought a new position in Fidelity National Information Services during the 4th quarter worth about $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $451,458,000. Finally, FMR LLC lifted its position in shares of Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after purchasing an additional 174,673 shares during the period. Institutional investors own 96.23% of the company's stock.

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Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on shares of 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. Finally, Robert W. Baird raised their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus target price of $88.05.

Fidelity National Information Services Price Performance

FIS traded down $4.61 during trading on Friday, hitting $69.90. The company's stock had a trading volume of 8,777,991 shares, compared to its average volume of 3,438,916. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The business's fifty day simple moving average is $73.84 and its 200 day simple moving average is $80.75. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 last year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. Fidelity National Information Services's payout ratio is currently 61.30%.

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.