Ashton Thomas Private Wealth LLC Takes $689,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,536 shares of the information technology services provider's stock, valued at approximately $689,000.

Several other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $28,000. R Squared Ltd acquired a new stake in Fidelity National Information Services during the 4th quarter valued at $30,000. Groupama Asset Managment grew its holdings in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after buying an additional 319 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.0 %

Shares of FIS traded up $0.02 during trading hours on Monday, hitting $71.29. The stock had a trading volume of 4,910,790 shares, compared to its average volume of 3,365,026. Fidelity National Information Services, Inc. has a 12-month low of $66.72 and a 12-month high of $91.98. The firm has a market cap of $37.76 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company's fifty day simple moving average is $76.36 and its 200 day simple moving average is $82.07.

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Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) 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 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company lowered 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. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Finally, Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $88.65.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by 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.