16,373 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Allstate Corp

Allstate Corp purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 16,373 shares of the information technology services provider’s stock, valued at approximately $1,322,000.

Other large investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 371 shares during the period. DnB Asset Management AS grew its position in shares of Fidelity National Information Services by 92.9% in the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider’s stock valued at $14,905,000 after buying an additional 88,875 shares during the last quarter. Level Four Advisory Services LLC increased its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Level Four Advisory Services LLC now owns 40,642 shares of the information technology services provider’s stock valued at $3,283,000 after buying an additional 1,489 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Fidelity National Information Services by 11.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 339,661 shares of the information technology services provider’s stock worth $27,434,000 after acquiring an additional 33,948 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Fidelity National Information Services by 1.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 571,005 shares of the information technology services provider’s stock valued at $46,120,000 after acquiring an additional 8,546 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FIS shares. Wells Fargo & Company lowered their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Compass Point cut their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, UBS Group reduced their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.65.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Down 1.9 %

Fidelity National Information Services stock opened at $73.64 on Monday. The stock has a market cap of $39.01 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $74.34 and its 200 day simple moving average is $81.10. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the firm posted $0.94 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.17%. Fidelity National Information Services’s payout ratio is currently 61.30%.

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.