KBC Group NV Increases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

KBC Group NV increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1,390.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,180,258 shares of the information technology services provider’s stock after acquiring an additional 1,101,072 shares during the quarter. KBC Group NV owned approximately 0.22% of Fidelity National Information Services worth $95,330,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FIS. APG Asset Management N.V. increased its position in shares of Fidelity National Information Services by 207.8% during the second quarter. APG Asset Management N.V. now owns 74,945 shares of the information technology services provider’s stock worth $5,270,000 after purchasing an additional 50,600 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new position in Fidelity National Information Services during the 2nd quarter worth $258,000. Dark Forest Capital Management LP acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $223,000. MBB Public Markets I LLC raised its stake in Fidelity National Information Services by 810.2% in the second quarter. MBB Public Markets I LLC now owns 41,349 shares of the information technology services provider’s stock valued at $3,116,000 after buying an additional 36,806 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Fidelity National Information Services by 409.5% in the second quarter. Mackenzie Financial Corp now owns 429,092 shares of the information technology services provider’s stock worth $32,336,000 after acquiring an additional 344,869 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FIS shares. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target on the stock. TD Cowen lifted their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Performance

FIS opened at $79.24 on Monday. The firm’s fifty day simple moving average is $82.18 and its two-hundred day simple moving average is $82.43. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 0.60 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Fidelity National Information Services’s dividend payout ratio is presently 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.