Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,357 shares of the information technology services provider’s stock after purchasing an additional 2,324 shares during the quarter. HF Advisory Group LLC’s holdings in Fidelity National Information Services were worth $862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Fidelity National Information Services by 12.7% in the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares in the last quarter. State Street Corp lifted its position in Fidelity National Information Services by 1.4% during the 1st quarter. State Street Corp now owns 26,456,658 shares of the information technology services provider’s stock worth $1,437,381,000 after acquiring an additional 367,417 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.0% during the first quarter. Geode Capital Management LLC now owns 10,572,297 shares of the information technology services provider’s stock worth $573,144,000 after buying an additional 107,041 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock valued at $458,850,000 after acquiring an additional 33,881 shares during the period. Finally, Northern Trust Corp increased its position in Fidelity National Information Services by 10.6% during the third quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock worth $410,280,000 after acquiring an additional 708,947 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Mizuho upped their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Bank of America raised their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS traded up $0.45 during trading hours on Thursday, hitting $70.80. 353,982 shares of the stock were exchanged, compared to its average volume of 4,398,717. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $68.87 and its two-hundred day moving average is $61.11. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $1.71 EPS. Fidelity National Information Services’s revenue was down .6% on a year-over-year basis. Analysts predict that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its Board of Directors has authorized a share buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Fidelity National Information Services Company 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.