Skandinaviska Enskilda Banken AB publ Acquires 5,600 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,991 shares of the information technology services provider’s stock after acquiring an additional 5,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Fidelity National Information Services were worth $8,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in Fidelity National Information Services by 5.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 345,263 shares of the information technology services provider’s stock worth $26,019,000 after purchasing an additional 18,945 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Fidelity National Information Services by 520.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 3,012 shares in the last quarter. Brighton Jones LLC bought a new stake in Fidelity National Information Services in the 2nd quarter worth about $211,000. XTX Topco Ltd grew its position in Fidelity National Information Services by 417.2% in the 2nd quarter. XTX Topco Ltd now owns 36,727 shares of the information technology services provider’s stock worth $2,768,000 after purchasing an additional 29,626 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Fidelity National Information Services by 4.5% in the second quarter. Mondrian Investment Partners LTD now owns 18,905 shares of the information technology services provider’s stock valued at $1,452,000 after acquiring an additional 819 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Bank of America boosted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Susquehanna upped their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. UBS Group upped their price target on shares of 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. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $84.06 on Friday. The company’s fifty day moving average price is $79.19 and its 200-day moving average price is $75.54. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63. 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 released 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 net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm earned $1.55 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.