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

Ritholtz Wealth Management lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,062 shares of the information technology services provider's stock after buying an additional 6,861 shares during the quarter. Ritholtz Wealth Management's holdings in Fidelity National Information Services were worth $1,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Fifth Third Wealth Advisors LLC increased its stake in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares during the period. Graypoint LLC grew its holdings in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after purchasing an additional 132 shares during the last quarter. Atomi Financial Group Inc. increased its stake in Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after buying an additional 135 shares during the period. Old Port Advisors lifted its holdings in Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after buying an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after acquiring an additional 137 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.01 during midday trading on Friday, hitting $78.70. The company had a trading volume of 3,149,968 shares, compared to its average volume of 2,263,666. The company has a fifty day simple moving average of $83.12 and a 200 day simple moving average of $82.30. The stock has a market cap of $42.37 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. TD Cowen increased their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an "equal weight" rating and a $88.00 price target for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.00.

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.