Lansforsakringar Fondforvaltning AB publ Takes $14.90 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 184,430 shares of the information technology services provider's stock, valued at approximately $14,896,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $2,313,000. Csenge Advisory Group grew its holdings in Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock valued at $1,086,000 after purchasing an additional 4,134 shares during the period. Finally, WealthShield Partners LLC grew its holdings in Fidelity National Information Services by 27.4% in the fourth quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider's stock valued at $2,221,000 after purchasing an additional 5,913 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Up 1.5%

Fidelity National Information Services stock traded up $1.21 during trading on Friday, reaching $79.48. 5,576,856 shares of the company were exchanged, compared to its average volume of 3,470,998. 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 market capitalization of $41.76 billion, a P/E ratio of 30.45, a PEG ratio of 1.23 and a beta of 1.08. 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 stock's 50 day simple moving average is $76.05 and its two-hundred day simple moving average is $77.61.

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. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Monday, April 21st. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.11.

About Fidelity National Information Services

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.