Hilton Capital Management LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Hilton Capital Management LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 66,516 shares of the information technology services provider's stock, valued at approximately $5,373,000.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its position in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after acquiring an additional 211,787 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. The Manufacturers Life Insurance Company increased its position in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after buying an additional 538,514 shares in the last quarter. FMR LLC increased its position in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after buying an additional 174,673 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after buying an additional 112,842 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Fidelity National Information Services Trading Up 1.4 %

Shares of Fidelity National Information Services stock traded up $0.98 during trading hours on Tuesday, hitting $73.24. The company's stock had a trading volume of 5,841,208 shares, compared to its average volume of 3,371,518. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm has a fifty day moving average of $75.15 and a 200-day moving average of $81.63. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 28.06, a P/E/G 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 announced its quarterly earnings results 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 return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm posted $0.94 EPS. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. 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. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Stephens dropped their price target 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. Compass Point dropped their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed 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 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.