Swedbank AB Has $30.21 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Swedbank AB boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,769 shares of the information technology services provider’s stock after purchasing an additional 4,642 shares during the period. Swedbank AB owned 0.07% of Fidelity National Information Services worth $30,214,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after buying an additional 249,678 shares in the last quarter. Legal & General Group Plc lifted its stake in Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the last quarter. Boston Partners grew its holdings in Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the period. Raymond James & Associates raised its stake in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after buying an additional 3,357,329 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.39 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $55.24 and a one year high of $91.98. The company has a market cap of $45.43 billion, a PE ratio of 33.62, a P/E/G ratio of 0.73 and a beta of 1.06. The stock has a 50-day moving average of $86.95 and a 200-day moving average of $80.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FIS shares. Bank of America boosted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. UBS Group upped their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.