CWA Asset Management Group LLC Purchases 24,534 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CWA Asset Management Group LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 567.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,860 shares of the information technology services provider’s stock after purchasing an additional 24,534 shares during the period. CWA Asset Management Group LLC’s holdings in Fidelity National Information Services were worth $2,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake 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 during the last quarter. Franklin Resources Inc. increased its position in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after acquiring an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after acquiring an additional 25,701 shares during the period. GSA Capital Partners LLP purchased a new position in Fidelity National Information Services in the third quarter worth $590,000. Finally, Chase Investment Counsel Corp grew its stake in Fidelity National Information Services by 52.8% in the 3rd quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider’s stock valued at $5,509,000 after purchasing an additional 22,742 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $78.86 on Tuesday. The stock has a market cap of $42.45 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 0.72 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. The business has a 50-day simple moving average of $84.91 and a 200 day simple moving average of $82.13. Fidelity National Information Services, Inc. has a 52 week low of $58.24 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated 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 directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FIS shares. Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods increased their target price on shares of 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. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.19.

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.