Swiss National Bank Has $138.28 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Swiss National Bank reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,651,046 shares of the information technology services provider’s stock after selling 55,800 shares during the period. Swiss National Bank owned about 0.30% of Fidelity National Information Services worth $138,275,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Claro Advisors LLC acquired a new position in shares of Fidelity National Information Services in the third quarter valued at $208,000. Atlanta Consulting Group Advisors LLC acquired a new stake in Fidelity National Information Services during the third quarter worth approximately $342,000. Maxwell Wealth Strategies Inc. acquired a new stake in Fidelity National Information Services during the third quarter worth approximately $1,294,000. Empirical Finance LLC grew its position in shares of Fidelity National Information Services by 1.7% in the third quarter. Empirical Finance LLC now owns 20,063 shares of the information technology services provider’s stock valued at $1,680,000 after purchasing an additional 328 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Fidelity National Information Services by 6.7% during the third quarter. CIBC Asset Management Inc now owns 136,219 shares of the information technology services provider’s stock worth $11,408,000 after purchasing an additional 8,595 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley upped their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Susquehanna lifted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.68.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.7 %

FIS stock opened at $87.82 on Monday. The stock has a market capitalization of $47.28 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12 month low of $53.76 and a 12 month high of $91.98. The firm has a 50-day moving average price of $86.67 and a 200-day moving average price of $80.18.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

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.