Pinnacle Financial Partners Inc Buys Shares of 2,541 Fidelity National Information Services, Inc. (NYSE:FIS)

Pinnacle Financial Partners Inc purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,541 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of FIS. KBC Group NV lifted its holdings 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 valued at $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB lifted its holdings 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 valued at $48,927,000 after purchasing an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $371,343,000 after purchasing an additional 538,514 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Fidelity National Information Services by 89.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock valued at $52,846,000 after purchasing an additional 297,266 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $115.00 to $101.00 in a report on Monday, January 6th. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Barclays dropped their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.36.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 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, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $69.95 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $62.63 and a 12 month high of $91.98. The stock’s 50 day moving average is $78.69 and its 200-day moving average is $82.62. 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 company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business earned $0.94 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. Fidelity National Information Services’s dividend payout ratio is presently 55.17%.

About Fidelity National Information Services

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.