Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Boston Partners

Boston Partners boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,999,052 shares of the information technology services provider’s stock after acquiring an additional 446,544 shares during the period. Fidelity National Information Services comprises 1.2% of Boston Partners’ holdings, making the stock its 10th biggest position. Boston Partners’ holdings in Fidelity National Information Services were worth $968,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC raised its stake in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. R Squared Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $30,000. Morse Asset Management Inc bought a new position in Fidelity National Information Services in the 3rd quarter valued at about $37,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 4th quarter valued at about $40,000. Finally, Grove Bank & Trust increased its holdings in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Compass Point decreased their target price on shares of 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. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company decreased 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 report on Wednesday, February 12th. Barclays decreased their price target on shares of 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, 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.65.

Insider Activity at Fidelity National Information Services

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 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 transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $72.33 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $38.31 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.23 and a beta of 1.10. The company has a fifty day moving average price of $75.15 and a 200-day moving average price of $81.63.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 posted $0.94 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.21%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio 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.