Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,175,070 shares of the information technology services provider's stock after acquiring an additional 34,907 shares during the quarter. Hsbc Holdings PLC owned 0.22% of Fidelity National Information Services worth $94,871,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Fidelity National Information Services during the 4th quarter worth about $30,000. Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $40,000. Grove Bank & Trust grew its holdings in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the period. Finally, Sound Income Strategies LLC raised its position in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 0.4 %

FIS stock opened at $79.44 on Thursday. The company has a market cap of $42.08 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.23 and a beta of 1.06. The firm has a 50-day moving average of $71.86 and a two-hundred day moving average of $79.61. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. 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 (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 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 prior year, the business earned $0.94 EPS. As a group, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Analyst Ratings Changes

A number of brokerages have recently commented on FIS. UBS Group dropped their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Monday. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday. Morgan Stanley cut their price objective 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $89.29.

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.

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