Inceptionr LLC Increases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Inceptionr LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 73.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,060 shares of the information technology services provider’s stock after buying an additional 7,668 shares during the quarter. Inceptionr LLC’s holdings in Fidelity National Information Services were worth $1,459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,593,000. Avanza Fonder AB purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $3,227,000. Princeton Global Asset Management LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Csenge Advisory Group increased its holdings in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares during the last quarter. Finally, WealthShield Partners LLC increased its holdings in Fidelity National Information Services by 27.4% during the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock worth $2,221,000 after purchasing an additional 5,913 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIS. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Stephens lowered their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. 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, Keefe, Bruyette & Woods lowered their price target 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS stock opened at $69.67 on Thursday. 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 $66.72 and a 1 year high of $91.98. The stock has a fifty day moving average of $76.80 and a two-hundred day moving average of $82.16. The firm has a market capitalization of $36.91 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

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 2.30%. 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%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate 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.