KLP Kapitalforvaltning AS Invests $16.05 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

KLP Kapitalforvaltning AS bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, Holdings Channel.com reports. The fund bought 198,667 shares of the information technology services provider’s stock, valued at approximately $16,046,000.

Several other hedge funds have also recently modified their holdings of FIS. Pathstone Holdings LLC lifted its holdings in shares of Fidelity National Information Services by 3.0% in the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock worth $3,096,000 after buying an additional 1,093 shares in the last quarter. Banco Santander S.A. bought a new stake in Fidelity National Information Services in the third quarter worth $265,000. Eagle Asset Management Inc. bought a new stake in Fidelity National Information Services in the third quarter worth $8,375,000. Great Valley Advisor Group Inc. increased its position in Fidelity National Information Services by 20.7% in the third quarter. Great Valley Advisor Group Inc. now owns 5,109 shares of the information technology services provider’s stock worth $428,000 after purchasing an additional 877 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Fidelity National Information Services by 117.1% in the third quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider’s stock worth $4,017,000 after purchasing an additional 25,870 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FIS shares. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Compass Point reduced their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Morgan Stanley cut their price objective 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 report on Wednesday, February 12th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.65.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Down 1.4 %

NYSE FIS opened at $73.38 on Monday. The company’s 50-day moving average price is $74.76 and its 200-day moving average price is $81.39. 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 has a market cap of $38.87 billion, a PE ratio of 28.11, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted 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 net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the firm earned $0.94 EPS. 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. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date 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 yield of 2.18%. Fidelity National Information Services’s dividend 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.