Merit Financial Group LLC Has $2.14 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Merit Financial Group LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,438 shares of the information technology services provider’s stock after buying an additional 5,902 shares during the period. Merit Financial Group LLC’s holdings in Fidelity National Information Services were worth $2,135,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FIS. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares during the period. Raymond James & Associates raised its holdings in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the period. Nordea Investment Management AB raised its holdings in Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after purchasing an additional 562,154 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Fidelity National Information Services in the second quarter worth $40,029,000. Finally, Mackenzie Financial Corp increased its position in shares of Fidelity National Information Services by 409.5% during 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. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $78.70 on Tuesday. The firm has a 50-day moving average of $83.12 and a 200-day moving average of $82.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $42.37 billion, a PE ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. 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 posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIS shares. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Oppenheimer started coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.