D.A. Davidson & CO. Buys 6,404 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

D.A. Davidson & CO. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,989 shares of the information technology services provider’s stock after purchasing an additional 6,404 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity National Information Services were worth $6,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment raised its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Down 0.3 %

NYSE FIS opened at $69.44 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $62.17 and a 12 month high of $91.98. The stock has a market cap of $36.78 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.22 and a beta of 1.04. The stock’s fifty day moving average price is $79.28 and its 200-day moving average price is $82.65. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.94 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.73 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. Fidelity National Information Services’s dividend payout ratio (DPR) is 55.17%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of recent analyst reports. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.36.

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.