Proficio Capital Partners LLC Invests $12.25 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Proficio Capital Partners LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 151,605 shares of the information technology services provider's stock, valued at approximately $12,245,000.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Fidelity National Information Services by 0.9% in the 3rd 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 purchasing an additional 211,787 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 worth $371,343,000 after buying an additional 538,514 shares during the last quarter. FMR LLC boosted its stake in shares of Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after acquiring an additional 174,673 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after acquiring an additional 112,842 shares during the last quarter. Finally, Fernbridge Capital Management LP raised its stake in shares of Fidelity National Information Services by 11.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider's stock valued at $107,717,000 after acquiring an additional 133,039 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

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Fidelity National Information Services Price Performance

NYSE:FIS traded up $1.09 during mid-day trading on Wednesday, hitting $74.38. The company's stock had a trading volume of 3,063,587 shares, compared to its average volume of 3,376,977. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $75.03 and a 200-day moving average of $81.57. The company has a market capitalization of $39.40 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 quarter in the prior year, the firm posted $0.94 earnings per share. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was purchased 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 $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FIS shares. Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price target on 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. Finally, Royal Bank of Canada cut their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Hold" and a consensus target price of $88.65.

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.