Intech Investment Management LLC Has $3.27 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Intech Investment Management LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 220.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,518 shares of the information technology services provider's stock after buying an additional 27,858 shares during the period. Intech Investment Management LLC's holdings in Fidelity National Information Services were worth $3,273,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FIS. Larson Financial Group LLC raised 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 worth $27,000 after purchasing an additional 159 shares during the last quarter. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $30,000. Groupama Asset Managment lifted its holdings in Fidelity National Information Services by 0.8% in the third 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 period. Morse Asset Management Inc bought a new position in Fidelity National Information Services in the third quarter valued at approximately $37,000. Finally, OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the 4th quarter worth $40,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent research reports. 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 report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and a consensus target price of $88.65.

Remove Ads

Fidelity National Information Services Stock Up 1.3 %

NYSE FIS traded up $0.96 during trading hours on Monday, hitting $74.31. 2,459,261 shares of the company traded hands, compared to its average volume of 3,378,732. 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 business's 50-day moving average is $74.76 and its 200-day moving average is $81.39. The stock has a market capitalization of $39.36 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid 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 2.15%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

About Fidelity National Information Services

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.