57,368 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Meritage Portfolio Management

Meritage Portfolio Management purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 57,368 shares of the information technology services provider’s stock, valued at approximately $4,634,000.

Several other large investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Fidelity National Information Services by 17.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,644 shares of the information technology services provider’s stock valued at $7,160,000 after purchasing an additional 12,897 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Fidelity National Information Services by 5.6% during the fourth quarter. Y.D. More Investments Ltd now owns 3,566 shares of the information technology services provider’s stock valued at $288,000 after buying an additional 188 shares in the last quarter. E. Ohman J or Asset Management AB lifted its holdings in shares of Fidelity National Information Services by 10.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 24,200 shares of the information technology services provider’s stock valued at $1,955,000 after acquiring an additional 2,300 shares in the last quarter. RBA Wealth Management LLC increased its holdings in Fidelity National Information Services by 1.4% in the 4th quarter. RBA Wealth Management LLC now owns 52,240 shares of the information technology services provider’s stock valued at $4,219,000 after purchasing an additional 709 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in Fidelity National Information Services by 0.8% in the fourth quarter. Calamos Advisors LLC now owns 128,623 shares of the information technology services provider’s stock valued at $10,389,000 after purchasing an additional 1,070 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Down 0.4 %

Shares of Fidelity National Information Services stock opened at $81.59 on Wednesday. Fidelity National Information Services, Inc. has a twelve month low of $60.39 and a twelve month high of $91.98. The stock has a market capitalization of $43.92 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.62 and a beta of 1.04. 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 business’s 50 day simple moving average is $81.54 and its 200-day simple moving average is $82.74.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.96%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FIS. Royal Bank of Canada reiterated an “outperform” rating and issued a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated 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 directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.