Verity & Verity LLC Has $4.79 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Verity & Verity LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,336 shares of the information technology services provider’s stock after buying an additional 15,665 shares during the quarter. Verity & Verity LLC’s holdings in Fidelity National Information Services were worth $4,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the second quarter valued at about $30,000. Groupama Asset Managment lifted its stake in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Finally, Concord Wealth Partners boosted its holdings in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FIS shares. Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird lifted their price target 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. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a report on Tuesday. They set an “equal weight” rating and a $88.00 target price on the stock. Finally, Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $78.70 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $83.31 and a 200-day moving average of $82.22.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was 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 of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is 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.