Ilmarinen Mutual Pension Insurance Co Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Ilmarinen Mutual Pension Insurance Co boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,000 shares of the information technology services provider’s stock after buying an additional 26,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Fidelity National Information Services were worth $7,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment boosted its position in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the third quarter worth about $37,000. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $40,000. Finally, Grove Bank & Trust boosted its holdings in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 399 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. 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. Robert W. Baird raised their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $88.05.

Fidelity National Information Services Trading Down 6.2 %

NYSE:FIS opened at $69.90 on Friday. The firm has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company’s 50-day simple moving average is $73.84 and its 200 day simple moving average is $80.75.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 company posted $0.94 EPS. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services 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.