1,959 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,959 shares of the information technology services provider’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $308,000. Hilltop Holdings Inc. acquired a new stake in Fidelity National Information Services in the third quarter worth about $263,000. HighTower Advisors LLC lifted its holdings in Fidelity National Information Services by 1.9% in the third quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock worth $10,684,000 after purchasing an additional 2,363 shares during the period. Integrated Wealth Concepts LLC grew its position in Fidelity National Information Services by 7.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock valued at $830,000 after buying an additional 677 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Fidelity National Information Services by 78.2% during the 3rd quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock valued at $427,000 after buying an additional 2,236 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $69.90 on Friday. The stock has a market cap of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $73.84 and a 200-day simple moving average of $80.75.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.94 EPS. On average, sell-side 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 paid 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 dividend yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIS. Morgan Stanley lowered their price objective on shares of 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. Compass Point dropped their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada cut their price objective 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. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.05.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate 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.