Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Skandinaviska Enskilda Banken AB publ cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,936 shares of the information technology services provider's stock after selling 5,155 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Fidelity National Information Services were worth $8,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. State Street Corp grew its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after acquiring an additional 211,787 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. The Manufacturers Life Insurance Company grew its holdings in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after acquiring an additional 538,514 shares in the last quarter. FMR LLC grew its holdings in shares of 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 in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after acquiring an additional 112,842 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Fidelity National Information Services Price Performance

NYSE FIS traded up $1.09 during trading hours on Wednesday, reaching $74.38. 4,592,016 shares of the stock traded hands, compared to its average volume of 3,662,000. The stock has a 50 day simple moving average of $75.03 and a two-hundred day simple moving average of $81.57. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the business earned $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. One investment 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $88.65.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

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.