Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 41.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,208 shares of the information technology services provider's stock after acquiring an additional 264,209 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of Fidelity National Information Services worth $72,306,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FIS. State Street Corp increased its position in 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 purchasing an additional 211,787 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after acquiring an additional 538,514 shares during the period. Raymond James & Associates raised its position in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. FMR LLC lifted its holdings in Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after acquiring an additional 174,673 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock worth $117,571,000 after purchasing an additional 112,842 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FIS shares. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Compass Point initiated coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price on the stock. JPMorgan Chase & Co. raised their target price 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, November 5th. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.00.

Fidelity National Information Services Trading Up 1.7 %

Shares of NYSE FIS traded up $1.39 during midday trading on Thursday, hitting $82.03. The stock had a trading volume of 1,897,503 shares, compared to its average volume of 2,269,590. The company has a market capitalization of $44.16 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $60.39 and a 1-year high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $81.82 and a 200 day moving average price of $82.55.

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 business had revenue of $2.57 billion for 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 company's revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services 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 sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

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.