Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 336,763 shares of the information technology services provider’s stock after purchasing an additional 17,105 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Fidelity National Information Services were worth $27,200,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIS. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $30,000. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the third quarter worth $37,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. Grove Bank & Trust increased its stake in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 250 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60 % 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 this link. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on FIS shares. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Compass Point decreased their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Barclays cut their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.89.

Fidelity National Information Services Trading Up 8.7 %

Shares of NYSE FIS opened at $74.63 on Friday. The stock has a fifty day simple moving average of $71.39 and a 200-day simple moving average of $79.70. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 capitalization of $39.53 billion, a PE ratio of 28.60, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (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 quarter last year, the firm earned $0.94 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.