IFP Advisors Inc Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

IFP Advisors Inc boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,258 shares of the information technology services provider’s stock after purchasing an additional 271 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity National Information Services were worth $425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Assenagon Asset Management S.A. increased its holdings in Fidelity National Information Services by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock worth $1,683,000 after purchasing an additional 412 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Fidelity National Information Services by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock worth $285,000 after purchasing an additional 254 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Fidelity National Information Services by 8.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,657 shares of the information technology services provider’s stock worth $868,000 after purchasing an additional 734 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Fidelity National Information Services by 89.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock worth $52,846,000 after purchasing an additional 297,266 shares during the last quarter. Finally, Intact Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 9.1% in the 3rd quarter. Intact Investment Management Inc. now owns 60,200 shares of the information technology services provider’s stock valued at $5,042,000 after acquiring an additional 5,000 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 2.8 %

Shares of FIS stock opened at $71.19 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a 1 year low of $66.71 and a 1 year high of $91.98. The stock has a fifty day moving average of $77.49 and a two-hundred day moving average of $82.32. The firm has a market capitalization of $37.71 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (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 quarter last year, the firm posted $0.94 earnings per share. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm 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 represents a $1.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FIS. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their price target 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. Finally, BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

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.