Patriot Financial Group Insurance Agency LLC Acquires 261 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,118 shares of the information technology services provider’s stock after buying an additional 261 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Fidelity National Information Services were worth $494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nilsine Partners LLC grew its stake in Fidelity National Information Services by 13.7% in the fourth quarter. Nilsine Partners LLC now owns 3,075 shares of the information technology services provider’s stock valued at $248,000 after purchasing an additional 371 shares in the last quarter. Lebenthal Global Advisors LLC grew its stake in shares of Fidelity National Information Services by 10.0% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,896 shares of the information technology services provider’s stock valued at $799,000 after buying an additional 903 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in Fidelity National Information Services by 2.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 10,829 shares of the information technology services provider’s stock worth $875,000 after buying an additional 247 shares during the last quarter. Pacer Advisors Inc. raised its position in Fidelity National Information Services by 6.4% during the fourth quarter. Pacer Advisors Inc. now owns 43,057 shares of the information technology services provider’s stock worth $3,478,000 after acquiring an additional 2,599 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in Fidelity National Information Services by 1.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 66,317 shares of the information technology services provider’s stock valued at $5,356,000 after acquiring an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Up 0.5 %

Shares of FIS opened at $80.74 on Thursday. The firm has a 50 day simple moving average of $81.92 and a two-hundred day simple moving average of $82.56. The company has a market cap of $43.46 billion, a P/E ratio of 32.17, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

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

Fidelity National Information Services 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.