ING Groep NV Decreases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

ING Groep NV reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,331 shares of the information technology services provider’s stock after selling 3,166 shares during the period. ING Groep NV’s holdings in Fidelity National Information Services were worth $1,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth about $28,000. R Squared Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $30,000. Groupama Asset Managment increased its holdings in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners raised its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.1 %

Shares of FIS opened at $69.95 on Monday. Fidelity National Information Services, Inc. has a twelve month low of $62.63 and a twelve month high of $91.98. The firm has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. 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 stock’s fifty day simple moving average is $78.69 and its 200 day simple moving average is $82.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 period in the prior year, the business posted $0.94 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid 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 yield of 2.29%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 55.17%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred 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 acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FIS shares. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Barclays decreased their price objective 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. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.36.

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.