DNB Asset Management AS Buys 5,522 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

DNB Asset Management AS lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,491 shares of the information technology services provider’s stock after buying an additional 5,522 shares during the period. DNB Asset Management AS’s holdings in Fidelity National Information Services were worth $7,196,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIS. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter valued at about $1,244,000. Quest Partners LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $653,000. Jump Financial LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $752,000. Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Information Services by 25.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock valued at $301,194,000 after acquiring an additional 1,027,466 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $1,076,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 5.1 %

NYSE FIS traded up $3.74 during trading hours on Tuesday, hitting $76.54. The company’s stock had a trading volume of 5,741,483 shares, compared to its average volume of 4,142,774. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $75.67 and its two-hundred day simple moving average is $71.50. The company has a market capitalization of $42.58 billion, a PE ratio of -7.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the firm posted $1.29 EPS. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FIS. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Evercore ISI boosted their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. Barclays increased their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Finally, Susquehanna reaffirmed a “positive” rating and set a $86.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.42.

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.