D.A. Davidson & CO. Increases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

D.A. Davidson & CO. lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,989 shares of the information technology services provider's stock after purchasing an additional 6,404 shares during the quarter. D.A. Davidson & CO.'s holdings in Fidelity National Information Services were worth $6,461,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Creative Planning increased its stake in Fidelity National Information Services by 6.9% in the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider's stock valued at $5,781,000 after purchasing an additional 4,452 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Fidelity National Information Services by 6.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider's stock valued at $2,362,000 after buying an additional 1,620 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Fidelity National Information Services by 14.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 3,890 shares of the information technology services provider's stock worth $326,000 after buying an additional 502 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Fidelity National Information Services by 22.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,249 shares of the information technology services provider's stock worth $607,000 after buying an additional 1,330 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Fidelity National Information Services by 11.4% in the 3rd quarter. Signaturefd LLC now owns 4,252 shares of the information technology services provider's stock valued at $356,000 after acquiring an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Compass Point reduced their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. TD Cowen raised their price target 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. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Stephens dropped their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of "Hold" and an average target price of $87.36.

Fidelity National Information Services Trading Up 0.4 %

Fidelity National Information Services stock traded up $0.30 during midday trading on Friday, reaching $70.15. The stock had a trading volume of 2,367,334 shares, compared to its average volume of 3,426,389. The stock's 50-day simple moving average is $78.98 and its 200 day simple moving average is $82.56. Fidelity National Information Services, Inc. has a twelve month low of $62.63 and a twelve month high of $91.98. 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 stock has a market capitalization of $37.16 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. Fidelity National Information Services's payout ratio is presently 55.17%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Company 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.