LGT Fund Management Co Ltd. Buys 7,934 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

LGT Fund Management Co Ltd. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 48.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,334 shares of the information technology services provider’s stock after acquiring an additional 7,934 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Fidelity National Information Services were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Plato Investment Management Ltd grew its position in Fidelity National Information Services by 383.3% in the 4th quarter. Plato Investment Management Ltd now owns 3,006 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 2,384 shares during the last quarter. Jones Financial Companies Lllp grew its position in Fidelity National Information Services by 33.1% in the 4th quarter. Jones Financial Companies Lllp now owns 7,715 shares of the information technology services provider’s stock valued at $623,000 after acquiring an additional 1,918 shares during the last quarter. Modera Wealth Management LLC grew its position in Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after acquiring an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Fidelity National Information Services by 17.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,235 shares of the information technology services provider’s stock valued at $180,000 after acquiring an additional 326 shares during the last quarter. Finally, Bank OZK grew its position in Fidelity National Information Services by 7.2% in the 4th quarter. Bank OZK now owns 20,924 shares of the information technology services provider’s stock valued at $1,690,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $72.11 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $38.20 billion, a PE ratio of 27.63, a P/E/G ratio of 1.23 and a beta of 1.04. The business has a 50-day simple moving average of $77.30 and a two-hundred day simple moving average of $82.31. Fidelity National Information Services, Inc. has a fifty-two week low of $66.71 and a fifty-two week high of $91.98.

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 for the quarter, topping 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 firm earned $0.94 earnings per share. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS 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 issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FIS. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their price target on 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. Stephens dropped their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Robert W. Baird increased their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.65.

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.