CWA Asset Management Group LLC Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

CWA Asset Management Group LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 567.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,860 shares of the information technology services provider's stock after purchasing an additional 24,534 shares during the quarter. CWA Asset Management Group LLC's holdings in Fidelity National Information Services were worth $2,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Nordea Investment Management AB increased its position in Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock worth $48,927,000 after buying an additional 562,154 shares during the period. Everence Capital Management Inc. increased its position in Fidelity National Information Services by 68.2% during the fourth quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider's stock worth $1,000,000 after acquiring an additional 5,020 shares during the period. GAMMA Investing LLC raised its stake in Fidelity National Information Services by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider's stock worth $1,069,000 after purchasing an additional 1,364 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Fidelity National Information Services by 32.4% in the 4th quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 237 shares during the period. Finally, Old Port Advisors grew its position in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 135 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley boosted their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $115.00 to $101.00 in a research note on Monday. TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Finally, Susquehanna boosted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.19.

Fidelity National Information Services Trading Up 0.1 %

FIS stock traded up $0.07 during midday trading on Tuesday, hitting $79.11. The stock had a trading volume of 3,494,434 shares, compared to its average volume of 2,334,759. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $84.91 and a two-hundred day moving average price of $82.13. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The firm has a market cap of $42.59 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's payout ratio is 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.