Alpha Cubed Investments LLC Acquires 18,191 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Alpha Cubed Investments LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.3% during the fourth quarter, Holdings Channel reports. The fund owned 238,032 shares of the information technology services provider’s stock after acquiring an additional 18,191 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Fidelity National Information Services were worth $19,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIS. Crossmark Global Holdings Inc. lifted its stake in shares of Fidelity National Information Services by 5.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 54,414 shares of the information technology services provider’s stock worth $4,395,000 after buying an additional 3,038 shares during the last quarter. UMB Bank n.a. lifted its position in Fidelity National Information Services by 5.4% during the fourth quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock worth $228,000 after acquiring an additional 144 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of Fidelity National Information Services by 23.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider’s stock worth $266,000 after purchasing an additional 625 shares during the period. Finally, Bowman & Co S.C. lifted its holdings in Fidelity National Information Services by 16.0% during the 4th quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider’s stock worth $1,322,000 after purchasing an additional 2,256 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred 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 transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, 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 currently owned by insiders.

Fidelity National Information Services Trading Down 0.0 %

Shares of FIS stock opened at $78.70 on Tuesday. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $42.37 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.60 and a beta of 1.04. The stock has a 50-day moving average of $83.12 and a 200-day 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 business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price target for the company. Finally, Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.