Sagespring Wealth Partners LLC Purchases Shares of 15,657 Fidelity National Information Services, Inc. (NYSE:FIS)

Sagespring Wealth Partners LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,657 shares of the information technology services provider's stock, valued at approximately $1,265,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Keyes Stange & Wooten Wealth Management LLC lifted its holdings in Fidelity National Information Services by 8.5% during the 4th quarter. Keyes Stange & Wooten Wealth Management LLC now owns 4,706 shares of the information technology services provider's stock valued at $380,000 after purchasing an additional 368 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 107.9% during the 4th quarter. Sterling Capital Management LLC now owns 56,306 shares of the information technology services provider's stock worth $4,548,000 after buying an additional 29,224 shares during the period. Argent Trust Co grew its stake in Fidelity National Information Services by 10.4% in the 4th quarter. Argent Trust Co now owns 10,251 shares of the information technology services provider's stock valued at $828,000 after buying an additional 966 shares during the last quarter. CenterBook Partners LP raised its holdings in Fidelity National Information Services by 14.1% in the 4th quarter. CenterBook Partners LP now owns 48,857 shares of the information technology services provider's stock valued at $3,946,000 after acquiring an additional 6,044 shares during the period. Finally, APG Asset Management N.V. acquired a new stake in Fidelity National Information Services during the fourth quarter worth approximately $23,283,000. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FIS shares. Morgan Stanley lowered their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report 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 stock a "neutral" rating in a research note on Friday, April 4th. Barclays dropped their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on 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. Finally, Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.89.

Fidelity National Information Services Trading Up 8.7 %

FIS stock traded up $5.99 during trading on Friday, hitting $74.63. The company had a trading volume of 8,057,028 shares, compared to its average volume of 3,502,740. 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, Inc. has a one year low of $66.51 and a one year high of $91.98. The business has a 50-day moving average of $71.39 and a 200-day moving average of $79.73. The stock has a market cap of $39.53 billion, a PE ratio of 28.60, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 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 period last year, the company posted $0.94 EPS. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

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.