Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 451,856 shares of the information technology services provider’s stock after purchasing an additional 2,233 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fidelity National Information Services were worth $36,496,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FIS. CWA Asset Management Group LLC purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at $362,000. Verdence Capital Advisors LLC grew its position in shares of Fidelity National Information Services by 309.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,568 shares of the information technology services provider’s stock valued at $969,000 after purchasing an additional 8,743 shares in the last quarter. Essex Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at $226,000. Crossmark Global Holdings Inc. grew its position in shares of Fidelity National Information Services by 31.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,376 shares of the information technology services provider’s stock valued at $4,302,000 after purchasing an additional 12,228 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $28,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Stephens dropped their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $71.29 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $66.72 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average is $76.17 and its 200 day moving average is $82.01. The stock has a market capitalization of $37.76 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the firm earned $0.94 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is 61.30%.

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.