National Bank of Canada FI Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

National Bank of Canada FI grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 353.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,764 shares of the information technology services provider's stock after buying an additional 799,303 shares during the period. National Bank of Canada FI owned approximately 0.17% of Fidelity National Information Services worth $62,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $25,000. Baystate Wealth Management LLC lifted its stake in Fidelity National Information Services by 332.1% during the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 372 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $35,000. Criterion Capital Advisors LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Finally, ORG Partners LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $48,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Up 1.9 %

NYSE FIS traded up $1.29 during mid-day trading on Friday, hitting $70.72. The company's stock had a trading volume of 3,571,205 shares, compared to its average volume of 3,578,831. The firm has a market capitalization of $39.71 billion, a price-to-earnings ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.98. The company's 50 day simple moving average is $70.56 and its 200 day simple moving average is $62.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analysts' expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has approved a share buyback program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently -12.81%.

Analysts Set New Price Targets

A number of research analysts have recently commented on FIS shares. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a "buy" rating and a $84.00 target price for the company. Bank of America increased their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Evercore ISI raised their price objective on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an "in-line" rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Finally, Robert W. Baird cut shares of Fidelity National Information Services from an "outperform" rating to a "neutral" rating and boosted their price objective for the stock from $76.00 to $78.00 in a research note on Wednesday, March 13th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

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.