Swiss National Bank Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Swiss National Bank cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,541,146 shares of the information technology services provider's stock after selling 109,900 shares during the quarter. Swiss National Bank owned 0.29% of Fidelity National Information Services worth $124,478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIS. Bradley Foster & Sargent Inc. CT grew its position in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares during the last quarter. Old Port Advisors lifted 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 worth $232,000 after purchasing an additional 135 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after purchasing an additional 137 shares during the last quarter. Finally, Modera Wealth Management LLC raised its stake in Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after buying an additional 137 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FIS. Barclays cut their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. BNP Paribas downgraded Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 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 issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Hold" and an average price target of $88.65.

Fidelity National Information Services Stock Up 1.4 %

Shares of FIS stock traded up $0.98 on Tuesday, hitting $73.24. The stock had a trading volume of 5,841,201 shares, compared to its average volume of 3,371,518. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The business has a 50 day moving average of $75.15 and a 200 day moving average of $81.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.94 EPS. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Fidelity National Information Services Company 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.