Dynamic Technology Lab Private Ltd Purchases 7,117 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Dynamic Technology Lab Private Ltd raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 238.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,100 shares of the information technology services provider’s stock after acquiring an additional 7,117 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Fidelity National Information Services were worth $816,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FIS. R Squared Ltd purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth $37,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $40,000. Grove Bank & Trust lifted its holdings in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 250 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $69.90 on Monday. The stock has a 50-day moving average price of $73.84 and a 200 day moving average price of $80.72. The stock has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a P/E/G 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. 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%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIS. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley cut their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.05.

Insider Transactions at Fidelity National Information Services

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

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.