Generali Asset Management SPA SGR Invests $1.82 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Generali Asset Management SPA SGR purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, HoldingsChannel reports. The fund purchased 22,482 shares of the information technology services provider’s stock, valued at approximately $1,816,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIS. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $451,458,000. KBC Group NV lifted its stake in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after buying an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelity National Information Services by 13.8% in the third 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. lifted its stake in shares of Fidelity National Information Services by 41.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider’s stock worth $72,306,000 after buying an additional 264,209 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 0.2 %

NYSE FIS opened at $74.45 on Friday. The firm has a 50 day simple moving average of $74.83 and a 200-day simple moving average of $81.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The firm has a market cap of $39.44 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 earned $0.94 earnings per share. Equities research analysts anticipate 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 will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIS shares. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Raymond James cut shares of 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, William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $88.65.

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.