Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,105 shares of the information technology services provider’s stock after buying an additional 466 shares during the period. Global Retirement Partners LLC’s holdings in Fidelity National Information Services were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $2,593,000. Avanza Fonder AB acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $2,313,000. CENTRAL TRUST Co grew its holdings in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $347,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIS shares. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. TD Cowen increased their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.36.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction 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 directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $69.95 on Friday. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52 week low of $62.63 and a 52 week high of $91.98. The company has a fifty day simple moving average of $78.69 and a two-hundred day simple moving average of $82.54.

Fidelity National Information Services (NYSE:FIS) last issued 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 quarter in the prior year, the business posted $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 55.17%.

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.