Swedbank AB Acquires 542 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Swedbank AB increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,127 shares of the information technology services provider’s stock after purchasing an additional 542 shares during the quarter. Swedbank AB owned approximately 0.06% of Fidelity National Information Services worth $26,838,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cadence Bank lifted its position in Fidelity National Information Services by 1.9% during the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after buying an additional 132 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 143 shares in the last quarter. SageView Advisory Group LLC raised its position in shares of Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after purchasing an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after acquiring an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Fidelity National Information Services by 2.4% in the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 169 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Up 0.7 %

Shares of Fidelity National Information Services stock traded up $0.52 on Friday, hitting $79.00. The company had a trading volume of 2,098,297 shares, compared to its average volume of 4,104,587. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50-day moving average of $75.95 and a 200-day moving average of $72.24. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $79.25. The firm has a market capitalization of $43.94 billion, a P/E ratio of -7.72, a P/E/G ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.55 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts predict that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada boosted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.45.

Fidelity National Information Services Company 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.