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

LGT Fund Management Co Ltd. increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 48.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,334 shares of the information technology services provider’s stock after buying 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 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $37,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. TD Cowen lifted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Stock Up 1.4 %

Shares of FIS opened at $72.11 on Tuesday. The stock has a market capitalization of $38.20 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $66.71 and a 1 year high of $91.98. The business’s 50 day simple moving average is $77.30 and its 200-day simple moving average is $82.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

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.