Fifth Third Bancorp Buys 371 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Fifth Third Bancorp boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,445 shares of the information technology services provider’s stock after buying an additional 371 shares during the quarter. Fifth Third Bancorp’s holdings in Fidelity National Information Services were worth $1,247,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dark Forest Capital Management LP purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $223,000. Creative Planning grew its position in shares of Fidelity National Information Services by 13.5% during the 2nd quarter. Creative Planning now owns 64,571 shares of the information technology services provider’s stock worth $4,866,000 after buying an additional 7,656 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at $447,000. New Wave Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services in the second quarter valued at about $265,000. Finally, Sanctuary Advisors LLC purchased a new stake in Fidelity National Information Services in the second quarter worth about $6,673,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Down 0.8 %

Shares of Fidelity National Information Services stock opened at $80.45 on Wednesday. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $43.31 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The firm has a fifty day moving average price of $82.04 and a 200 day moving average price of $82.53.

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

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.79%. Fidelity National Information Services’s payout ratio is 57.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley increased their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were 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 owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price 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 approximately $887,507.06. This trade represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.