Fidelity National Information Services, Inc. (NYSE:FIS) Position Boosted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,032 shares of the information technology services provider’s stock after buying an additional 18,191 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Fidelity National Information Services were worth $19,226,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avanza Fonder AB acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $3,227,000. CENTRAL TRUST Co lifted its position in shares of Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares in the last quarter. Franklin Resources Inc. grew its stake in Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fidelity National Information Services by 51.4% during the 3rd 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 in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $590,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FIS. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were purchased 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 of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated 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 sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $78.70 on Tuesday. The stock has a market cap of $42.37 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12 month low of $58.24 and a 12 month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $83.12 and a 200 day simple moving average of $82.34.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.