ING Groep NV Buys 72,574 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

ING Groep NV lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,953 shares of the information technology services provider's stock after acquiring an additional 72,574 shares during the period. ING Groep NV's holdings in Fidelity National Information Services were worth $8,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the fourth quarter worth $29,000. BKM Wealth Management LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $35,000. Criterion Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $40,000. ORG Partners LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at about $48,000. Finally, Headinvest LLC acquired a new position in Fidelity National Information Services in the third quarter worth about $55,000. Institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now directly owns 9,052 shares of the company's stock, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 1.0 %

NYSE:FIS traded up $0.80 on Friday, hitting $78.36. 4,670,413 shares of the stock were exchanged, compared to its average volume of 4,702,733. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.56. The stock has a market capitalization of $43.59 billion, a price-to-earnings ratio of -7.66, a P/E/G ratio of 0.80 and a beta of 0.98. The company's 50-day moving average price is $71.89 and its 200 day moving average price is $64.44.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. Fidelity National Information Services's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services declared that its board has initiated a share repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. Fidelity National Information Services's dividend payout ratio (DPR) is presently -14.08%.

Analyst Ratings Changes

A number of research firms have weighed in on FIS. Barclays lifted their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, May 9th. Wedbush reiterated an "outperform" rating and issued a $75.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Finally, Stephens reiterated an "overweight" rating and set a $90.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.11.

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.