Bremer Bank National Association Has $4.51 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Bremer Bank National Association lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,424 shares of the information technology services provider's stock after acquiring an additional 4,507 shares during the period. Bremer Bank National Association's holdings in Fidelity National Information Services were worth $4,512,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 4th quarter worth about $40,000. CoreCap Advisors LLC raised its holdings 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 purchasing an additional 509 shares during the last quarter. Avion Wealth raised its holdings in Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 508 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings 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 purchasing an additional 371 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Fidelity National Information Services Stock Up 0.8%

Shares of FIS traded up $0.68 during mid-day trading on Friday, hitting $81.22. 2,450,857 shares of the company's stock were exchanged, compared to its average volume of 3,465,715. The company has a market cap of $42.67 billion, a PE ratio of 31.12, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a 50-day simple moving average of $76.62 and a 200 day simple moving average of $77.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated 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 in the company, valued at $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.