KBC Group NV Has $88.62 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

KBC Group NV boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,186,638 shares of the information technology services provider's stock after buying an additional 6,380 shares during the period. KBC Group NV owned approximately 0.22% of Fidelity National Information Services worth $88,618,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at $347,000. IFP Advisors Inc lifted its stake in shares of Fidelity National Information Services by 5.4% in the fourth quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider's stock valued at $425,000 after buying an additional 271 shares during the period. Proficio Capital Partners LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $12,245,000. QRG Capital Management Inc. increased its stake in Fidelity National Information Services by 59.7% during the fourth quarter. QRG Capital Management Inc. now owns 66,341 shares of the information technology services provider's stock valued at $5,358,000 after acquiring an additional 24,793 shares during the period. Finally, SVB Wealth LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $511,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on FIS shares. Stephens upped their target price 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. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research note on Wednesday, April 23rd. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Finally, Robert W. Baird upped their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Trading Down 1.3%

NYSE:FIS traded down $1.06 during trading hours on Wednesday, hitting $81.29. 3,393,028 shares of the stock were exchanged, compared to its average volume of 3,358,891. The company has a market capitalization of $42.71 billion, a P/E ratio of 53.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $79.58 and its two-hundred day moving average is $76.94. 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 announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director owned 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

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.