Waterloo Capital L.P. Acquires 1,104 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Waterloo Capital L.P. lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,058 shares of the information technology services provider’s stock after purchasing an additional 1,104 shares during the quarter. Waterloo Capital L.P.’s holdings in Fidelity National Information Services were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ilmarinen Mutual Pension Insurance Co raised its holdings in Fidelity National Information Services by 40.0% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 91,000 shares of the information technology services provider’s stock valued at $7,350,000 after acquiring an additional 26,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Fidelity National Information Services by 4.8% in the fourth quarter. Russell Investments Group Ltd. now owns 635,101 shares of the information technology services provider’s stock valued at $51,228,000 after purchasing an additional 28,849 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $224,000. Dynamic Technology Lab Private Ltd increased its holdings in Fidelity National Information Services by 238.6% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 10,100 shares of the information technology services provider’s stock valued at $816,000 after buying an additional 7,117 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at approximately $13,295,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIS. Royal Bank of Canada decreased their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” 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 assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $88.05.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $69.90 on Monday. The stock has a market capitalization of $37.02 billion, a PE ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. The business’s 50 day simple moving average is $73.84 and its 200 day simple moving average is $80.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

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

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.