Canada Pension Plan Investment Board Buys 17,105 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Canada Pension Plan Investment Board increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,763 shares of the information technology services provider’s stock after buying an additional 17,105 shares during the period. Canada Pension Plan Investment Board owned 0.06% of Fidelity National Information Services worth $27,200,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in Fidelity National Information Services in the third quarter worth $37,000. Anchor Investment Management LLC grew its position in Fidelity National Information Services by 1,240.5% in the third quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock worth $147,000 after acquiring an additional 1,625 shares in the last quarter. World Investment Advisors LLC raised its position in Fidelity National Information Services by 2,063.1% during the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock valued at $5,944,000 after purchasing an additional 67,690 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $976,000. Finally, Synovus Financial Corp lifted its position in Fidelity National Information Services by 68.1% in the third quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider’s stock worth $1,313,000 after buying an additional 6,349 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $74.63 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $39.53 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm’s fifty day simple moving average is $71.39 and its two-hundred day simple moving average is $79.70.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 last year, the business earned $0.94 EPS. 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. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIS. Royal Bank of Canada lowered 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. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Barclays reduced their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $88.89.

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.