Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 369.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 238,979 shares of the information technology services provider's stock after purchasing an additional 188,047 shares during the quarter. Moran Wealth Management LLC's holdings in Fidelity National Information Services were worth $19,302,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FIS. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Fidelity National Information Services by 0.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 451,856 shares of the information technology services provider's stock worth $36,496,000 after purchasing an additional 2,233 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $277,000. Taika Capital LP purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $364,000. AlphaQuest LLC lifted its holdings in shares of Fidelity National Information Services by 15,400.0% during the 4th quarter. AlphaQuest LLC now owns 1,550 shares of the information technology services provider's stock worth $125,000 after acquiring an additional 1,540 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Stock Down 3.1 %

Shares of NYSE FIS traded down $2.20 during mid-day trading on Tuesday, reaching $68.67. 2,398,367 shares of the company were exchanged, compared to its average volume of 3,361,534. The firm has a 50-day moving average of $76.17 and a 200 day moving average of $82.01. Fidelity National Information Services, Inc. has a 1 year low of $66.72 and a 1 year high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $36.38 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.94 EPS. On average, 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 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 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 dividend on an annualized basis and a yield of 2.33%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on FIS. Royal Bank of Canada lowered their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. 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 note on Wednesday, February 12th. Compass Point decreased their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $88.65.

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.