Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,051,569 shares of the information technology services provider’s stock after buying an additional 208,127 shares during the period. Geode Capital Management LLC’s holdings in Fidelity National Information Services were worth $1,052,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Norges Bank purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after acquiring an additional 1,616,146 shares in the last quarter. KBC Group NV increased its position in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Fidelity National Information Services by 922.3% during the 4th quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock worth $54,101,000 after purchasing an additional 605,640 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Down 0.2 %

Fidelity National Information Services stock opened at $74.56 on Wednesday. The stock has a 50 day moving average of $74.18 and a two-hundred day moving average of $80.96. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a market capitalization of $39.49 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.23 and a beta of 1.10. 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) last posted its quarterly earnings data 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 net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the business posted $0.94 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is currently 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.