Achmea Investment Management B.V. Boosts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Achmea Investment Management B.V. raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 42.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,932 shares of the information technology services provider's stock after purchasing an additional 15,194 shares during the period. Achmea Investment Management B.V.'s holdings in Fidelity National Information Services were worth $3,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. Kennebec Savings Bank increased its holdings in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares during the period. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the 4th quarter worth $40,000. CoreCap Advisors LLC grew its stake in Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after buying an additional 371 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in Fidelity National Information Services by 34.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock worth $51,000 after buying an additional 175 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.90 on Friday, hitting $80.90. The company had a trading volume of 4,300,733 shares, compared to its average volume of 3,361,075. The firm has a market cap of $42.51 billion, a P/E ratio of 53.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a 50-day moving average price of $79.42 and a 200-day moving average price of $76.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FIS shares. UBS Group boosted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Truist Financial started coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They set a "hold" rating and a $84.00 target price on the stock. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Monday, April 21st. Finally, Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.75.

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.