46,954 Shares in Fidelity National Information Services, Inc. $FIS Acquired by AGF Management Ltd.

AGF Management Ltd. purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,954 shares of the information technology services provider’s stock, valued at approximately $3,096,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Fidelity National Information Services in the 2nd quarter valued at about $624,858,000. Mizuho Markets Americas LLC grew its position in shares of Fidelity National Information Services by 49.1% in the third quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock valued at $303,929,000 after purchasing an additional 1,518,200 shares during the last quarter. Boston Partners increased its stake in shares of Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares during the period. AQR Capital Management LLC lifted its holdings in Fidelity National Information Services by 71.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock worth $201,294,000 after purchasing an additional 1,037,100 shares during the last quarter. Finally, River Road Asset Management LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at $39,106,000. 96.23% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FIS. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. UBS Group increased their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. BNP Paribas Exane dropped their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Finally, Compass Point cut their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.53.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $51.62 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a 52 week low of $50.74 and a 52 week high of $83.97. The firm has a market cap of $26.73 billion, a PE ratio of 191.19, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. The firm’s fifty day moving average is $63.95 and its 200-day moving average is $66.99.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.