Fidelity National Information Services, Inc. (NYSE:FIS) Stake Increased by Inceptionr LLC

Inceptionr LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 73.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,060 shares of the information technology services provider’s stock after buying an additional 7,668 shares during the quarter. Inceptionr LLC’s holdings in Fidelity National Information Services were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FIS. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $451,458,000. KBC Group NV grew its position in Fidelity National Information Services by 1,390.5% during the fourth 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 in the last quarter. Nordea Investment Management AB increased its stake in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the period. The Manufacturers Life Insurance Company lifted its position in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Fidelity National Information Services by 41.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider’s stock valued at $72,306,000 after buying an additional 264,209 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $88.65.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought 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 owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.3 %

Shares of Fidelity National Information Services stock opened at $69.67 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $66.72 and a 12-month high of $91.98. The stock has a market capitalization of $36.91 billion, a P/E ratio of 26.69, a PEG ratio of 1.23 and a beta of 1.11. The stock has a 50 day moving average price of $76.80 and a two-hundred day moving average price of $82.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results 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 quarter last year, the firm earned $0.94 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. Fidelity National Information Services’s payout ratio is 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.