NEOS Investment Management LLC Boosts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

NEOS Investment Management LLC raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,073 shares of the information technology services provider's stock after acquiring an additional 8,608 shares during the period. NEOS Investment Management LLC's holdings in Fidelity National Information Services were worth $2,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased 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 valued at $27,000 after acquiring an additional 159 shares in the last quarter. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $30,000. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at $37,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $40,000. Finally, Grove Bank & Trust boosted its stake in shares of Fidelity National Information Services by 341.0% during 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 during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIS shares. Stephens reduced their price target 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. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One investment 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.65.

Fidelity National Information Services Trading Up 1.1 %

NYSE:FIS traded up $0.81 on Wednesday, hitting $75.38. 610,379 shares of the stock were exchanged, compared to its average volume of 3,401,945. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company's 50-day moving average price is $74.18 and its 200 day moving average price is $80.96. 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 stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 28.88, 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 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 last year, the company earned $0.94 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. 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 2.12%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

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.