Dynamic Technology Lab Private Ltd Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Dynamic Technology Lab Private Ltd increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 238.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,100 shares of the information technology services provider’s stock after buying an additional 7,117 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Fidelity National Information Services were worth $816,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FIS. Benjamin Edwards Inc. bought a new position in Fidelity National Information Services during the third quarter valued at $308,000. Hilltop Holdings Inc. bought a new position in Fidelity National Information Services in the 3rd quarter worth about $263,000. HighTower Advisors LLC boosted its position in shares of Fidelity National Information Services by 1.9% in the third quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock valued at $10,684,000 after acquiring an additional 2,363 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Fidelity National Information Services by 7.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 677 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 78.2% in the third quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock worth $427,000 after purchasing an additional 2,236 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company cut their price objective 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. UBS Group lowered their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.05.

Fidelity National Information Services Stock Down 6.2 %

Shares of NYSE FIS opened at $69.90 on Monday. The firm has a fifty day simple moving average of $73.84 and a two-hundred day simple moving average of $80.72. The firm has a market capitalization of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the firm earned $0.94 earnings per share. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

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.