Robeco Institutional Asset Management B.V. Acquires 264,209 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 41.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 895,208 shares of the information technology services provider’s stock after buying an additional 264,209 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.17% of Fidelity National Information Services worth $72,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $30,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Fidelity National Information Services by 4.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 6,118 shares of the information technology services provider’s stock valued at $494,000 after buying an additional 261 shares during the last quarter. Nilsine Partners LLC raised its position in Fidelity National Information Services by 13.7% in the 4th quarter. Nilsine Partners LLC now owns 3,075 shares of the information technology services provider’s stock valued at $248,000 after buying an additional 371 shares during the last quarter. Lebenthal Global Advisors LLC lifted its stake in Fidelity National Information Services by 10.0% during the 4th quarter. Lebenthal Global Advisors LLC now owns 9,896 shares of the information technology services provider’s stock valued at $799,000 after acquiring an additional 903 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 10,829 shares of the information technology services provider’s stock worth $875,000 after acquiring an additional 247 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIS. Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and issued a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $80.74 on Thursday. The company’s 50 day simple moving average is $81.92 and its two-hundred day simple moving average is $82.56. The stock has a market capitalization of $43.46 billion, a PE ratio of 32.17, a P/E/G ratio of 0.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

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.