Global Retirement Partners LLC Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Global Retirement Partners LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,105 shares of the information technology services provider’s stock after acquiring an additional 466 shares during the period. Global Retirement Partners LLC’s holdings in Fidelity National Information Services were worth $978,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FIS. KBC Group NV grew its position in shares of 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 worth $95,330,000 after acquiring an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB boosted its stake in Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after purchasing an additional 562,154 shares during the period. The Manufacturers Life Insurance Company increased its stake in 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 during the period. Robeco Institutional Asset Management B.V. raised 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 buying an additional 297,266 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after buying an additional 211,787 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the company 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. Finally, Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.36.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $69.95 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $62.63 and a twelve month high of $91.98. The company has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. 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 firm has a 50-day moving average price of $78.69 and a two-hundred day moving average price of $82.54.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 in the previous year, the business posted $0.94 earnings per share. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced 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. 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 yield of 2.29%. Fidelity National Information Services’s payout ratio is presently 55.17%.

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.