Benjamin F. Edwards & Company Inc. Purchases 35,116 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Benjamin F. Edwards & Company Inc. lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1,967.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,901 shares of the information technology services provider’s stock after acquiring an additional 35,116 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fidelity National Information Services were worth $2,216,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Information Services by 12.7% during the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after buying an additional 6,503,451 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $206,507,000. Lazard Asset Management LLC lifted its stake in shares of Fidelity National Information Services by 660.0% in the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock valued at $183,944,000 after purchasing an additional 2,890,185 shares during the period. London Co. of Virginia boosted its position in shares of Fidelity National Information Services by 59.4% in the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock worth $390,731,000 after purchasing an additional 2,633,196 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of Fidelity National Information Services by 163.0% during the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider’s stock worth $216,880,000 after purchasing an additional 2,432,150 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FIS. Morgan Stanley boosted their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price on the stock. UBS Group boosted their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Evercore ISI boosted their price target on Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $72.50.

Fidelity National Information Services Trading Up 1.9 %

Shares of NYSE:FIS opened at $70.72 on Friday. 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 stock has a market cap of $39.71 billion, a PE ratio of -6.29, a P/E/G ratio of 0.88 and a beta of 0.98. The business has a 50 day moving average of $70.56 and a 200-day moving average of $62.46. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last issued 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). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

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

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.