Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Boosted by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 491.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,510 shares of the information technology services provider’s stock after buying an additional 46,948 shares during the quarter. Empowered Funds LLC’s holdings in Fidelity National Information Services were worth $4,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its position in Fidelity National Information Services by 87.8% in the third quarter. CWM LLC now owns 24,962 shares of the information technology services provider’s stock worth $2,091,000 after purchasing an additional 11,668 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Fidelity National Information Services by 177.7% in the third quarter. Ritholtz Wealth Management now owns 14,201 shares of the information technology services provider’s stock valued at $1,189,000 after buying an additional 9,087 shares during the period. Carnegie Investment Counsel boosted its stake in Fidelity National Information Services by 51.4% during the third quarter. Carnegie Investment Counsel now owns 12,502 shares of the information technology services provider’s stock valued at $1,047,000 after buying an additional 4,246 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Fidelity National Information Services during the third quarter worth about $197,000. Finally, CX Institutional raised its position in Fidelity National Information Services by 4.0% in the third quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock worth $370,000 after acquiring an additional 170 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FIS shares. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. 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. Mizuho increased their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley upped their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction 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 acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s 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 completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $73.13 on Wednesday. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. The stock’s 50-day moving average is $81.32 and its two-hundred day moving average is $82.96. 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 firm has a market cap of $39.37 billion, a P/E ratio of 29.13, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the firm earned $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.19%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.