13,600 Shares in Fidelity National Information Services, Inc. $FIS Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,600 shares of the information technology services provider’s stock, valued at approximately $897,000.

Several other institutional investors also recently modified their holdings of FIS. Pinnacle Bancorp Inc. grew its holdings in Fidelity National Information Services by 21.9% in the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 150 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after buying an additional 162 shares during the last quarter. FJ Capital Management LLC increased its position in Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after buying an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC boosted its holdings in Fidelity National Information Services by 1.4% in the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after acquiring an additional 170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Fidelity National Information Services by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock valued at $1,981,000 after acquiring an additional 175 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 0.8%

Shares of Fidelity National Information Services stock opened at $48.97 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $46.16 and a twelve month high of $82.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $60.16 and a 200-day moving average price of $64.65. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 181.39, a PEG ratio of 0.72 and a beta of 0.90.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.6%. Fidelity National Information Services’s payout ratio is currently 592.59%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of analyst reports. BNP Paribas Exane dropped their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. UBS Group upped their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price objective on the stock. Finally, Compass Point decreased their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.94.

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.