Fidelity National Information Services, Inc. (NYSE:FIS) Position Raised by Blair William & Co. IL

Blair William & Co. IL raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 406,420 shares of the information technology services provider’s stock after purchasing an additional 9,772 shares during the quarter. Blair William & Co. IL’s holdings in Fidelity National Information Services were worth $32,827,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIS. Larson Financial Group LLC boosted its stake 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 buying an additional 159 shares in the last quarter. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $37,000. Finally, OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $40,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on FIS shares. Wells Fargo & Company decreased their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays dropped their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock opened at $75.17 on Friday. The firm has a 50 day moving average of $74.44 and a two-hundred day moving average of $81.19. 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 market capitalization of $39.82 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 prior year, the business earned $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend 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.