iA Global Asset Management Inc. Purchases 4,686 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

iA Global Asset Management Inc. increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 20.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,731 shares of the information technology services provider’s stock after acquiring an additional 4,686 shares during the period. iA Global Asset Management Inc.’s holdings in Fidelity National Information Services were worth $2,240,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FIS. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. R Squared Ltd bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $30,000. Groupama Asset Managment grew its holdings in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc bought a new stake in Fidelity National Information Services during the third quarter valued at about $37,000. Finally, OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $40,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FIS. Compass Point cut their price target on 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. Morgan Stanley lowered their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. UBS Group lowered their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average price target of $88.65.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $73.38 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average is $74.76 and its 200 day moving average is $81.40. The company has a market capitalization of $38.87 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

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.