Nordea Investment Management AB Acquires 971 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Nordea Investment Management AB raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,236 shares of the information technology services provider’s stock after purchasing an additional 971 shares during the quarter. Nordea Investment Management AB’s holdings in Fidelity National Information Services were worth $3,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth $29,000. Delta Asset Management LLC TN lifted its position in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the first quarter valued at about $37,000. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Susquehanna restated a “positive” rating and issued a $86.00 price objective on shares of Fidelity National Information Services in a report on Wednesday. Barclays lifted their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Evercore ISI lifted their price objective on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, May 7th. Finally, TD Cowen lifted their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.32.

View Our Latest Analysis on FIS

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $73.92 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of -7.23, a PEG ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50-day simple moving average is $75.63 and its 200-day simple moving average is $69.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

About Fidelity National Information Services

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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