Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Portfolio Solutions Inc. grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,567 shares of the information technology services provider's stock after purchasing an additional 4,153 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Fidelity National Information Services were worth $1,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FIS. Larson Financial Group LLC lifted its stake 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 acquiring an additional 159 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $30,000. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services during the third quarter valued at about $37,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter worth about $40,000. Finally, Grove Bank & Trust grew its position in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Price Performance

NYSE FIS traded down $0.06 during trading hours on Tuesday, hitting $74.24. The company had a trading volume of 283,669 shares, compared to its average volume of 3,378,359. The firm has a 50 day simple moving average of $74.67 and a 200 day simple moving average of $81.33. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 28.46, a PEG 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.

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

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid 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 yield of 2.16%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at $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 available through this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on FIS. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Compass Point cut their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. 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 research report on Wednesday, February 12th. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and an average price target of $88.65.

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.