DekaBank Deutsche Girozentrale Has $16.83 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

DekaBank Deutsche Girozentrale lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 227,314 shares of the information technology services provider’s stock after buying an additional 27,289 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Information Services were worth $16,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares in the last quarter. FIL Ltd lifted its holdings in shares of Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after buying an additional 2,758,049 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after purchasing an additional 537,180 shares in the last quarter. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $478,594,000. Finally, Parnassus Investments LLC raised its stake in Fidelity National Information Services by 15.3% in the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock valued at $271,692,000 after purchasing an additional 598,902 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction on Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $84.14 on Monday. The business’s 50 day simple moving average is $78.22 and its 200 day simple moving average is $75.05. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $84.77. The stock has a market capitalization of $45.90 billion, a PE ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIS. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group boosted their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays boosted their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Susquehanna boosted their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.65.

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.