Ieq Capital LLC Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Ieq Capital LLC grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 32.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,314 shares of the information technology services provider’s stock after acquiring an additional 8,869 shares during the period. Ieq Capital LLC’s holdings in Fidelity National Information Services were worth $2,933,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Concord Wealth Partners lifted its stake in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $37,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of FIS opened at $69.95 on Friday. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $91.98. The firm has a 50-day simple moving average of $78.69 and a 200-day simple moving average of $82.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results 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 return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the company posted $0.94 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 55.17%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of recent research reports. Robert W. Baird boosted 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 note on Tuesday, November 5th. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. TD Cowen upped their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley decreased their target price 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.36.

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.