Cullen Investment Group LTD. Purchases New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Investment Group LTD. acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 37,466 shares of the information technology services provider's stock, valued at approximately $3,138,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Linden Thomas Advisory Services LLC purchased a new stake in Fidelity National Information Services in the second quarter worth $1,253,000. SG Americas Securities LLC boosted its stake in shares of Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider's stock valued at $16,775,000 after purchasing an additional 189,484 shares in the last quarter. First Hawaiian Bank increased its position in shares of Fidelity National Information Services by 27.4% during the first quarter. First Hawaiian Bank now owns 58,091 shares of the information technology services provider's stock valued at $4,309,000 after buying an additional 12,509 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock worth $60,300,000 after buying an additional 11,655 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock worth $278,041,000 after buying an additional 2,011,848 shares during the period. Institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company's stock, valued at approximately $750,510.51. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $0.92 on Friday, hitting $84.63. 2,108,605 shares of the company traded hands, compared to its average volume of 3,847,924. The business's 50 day moving average price is $80.76 and its 200-day moving average price is $76.54. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $85.63. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $47.08 billion, a price-to-earnings ratio of -8.27, a P/E/G ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is -14.08%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the company a "positive" rating in a research report on Wednesday, August 7th. Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday. They set a "market perform" rating on the stock. UBS Group increased their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.25.

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.