Exchange Traded Concepts LLC Grows Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Exchange Traded Concepts LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 31.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,177 shares of the information technology services provider’s stock after buying an additional 279 shares during the period. Exchange Traded Concepts LLC’s holdings in Fidelity National Information Services were worth $95,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Avanza Fonder AB purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth $3,227,000. CENTRAL TRUST Co lifted its stake in Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after acquiring an additional 10,452 shares in the last quarter. Brighton Jones LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $347,000. Franklin Resources Inc. grew its position in Fidelity National Information Services by 9.2% in the 3rd 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake 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 purchasing an additional 25,701 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred 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 in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Down 0.8 %

Shares of Fidelity National Information Services stock opened at $81.44 on Friday. The company has a fifty day simple moving average of $81.65 and a 200-day simple moving average of $82.58. Fidelity National Information Services, Inc. has a 12-month low of $60.39 and a 12-month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS 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. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 1.96%. Fidelity National Information Services’s payout ratio is 57.37%.

Analysts Set New Price Targets

Several research firms have recently commented on FIS. Barclays raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price target for the company. TD Cowen upped their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Compass Point assumed coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price for the company. Finally, Susquehanna upped their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.