Robeco Institutional Asset Management B.V. Purchases 264,209 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Robeco Institutional Asset Management B.V. boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 41.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 895,208 shares of the information technology services provider’s stock after acquiring an additional 264,209 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Fidelity National Information Services were worth $72,306,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIS. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after acquiring an additional 211,787 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Raymond James & Associates lifted its holdings in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the period. FMR LLC grew its position in shares of Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after buying an additional 174,673 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after buying an additional 112,842 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FIS shares. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $104.00 target price on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Trading Up 0.5 %

Fidelity National Information Services stock opened at $80.74 on Thursday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The business’s fifty day moving average is $81.92 and its 200 day moving average is $82.56. The stock has a market capitalization of $43.46 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. 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 announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’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 completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.