Saxon Interests Inc. Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Saxon Interests Inc. acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,573 shares of the information technology services provider's stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co increased its holdings in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock valued at $991,000 after buying an additional 10,452 shares in the last quarter. Franklin Resources Inc. increased its stake in Fidelity National Information Services by 9.2% in 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 purchasing an additional 112,842 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock worth $6,344,000 after purchasing an additional 25,701 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Fidelity National Information Services during the third quarter worth $590,000. Finally, Chase Investment Counsel Corp grew its holdings in Fidelity National Information Services by 52.8% in the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider's stock valued at $5,509,000 after purchasing an additional 22,742 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.0 %

FIS stock traded down $0.01 during trading on Friday, reaching $78.70. 3,149,968 shares of the stock traded hands, compared to its average volume of 2,263,666. The firm has a market capitalization of $42.37 billion, a PE ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The business's 50 day moving average price is $83.12 and its 200-day moving average price is $82.25. Fidelity National Information Services, Inc. has a 52-week low of $58.24 and a 52-week high of $91.98.

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

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. TD Cowen increased their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Compass Point initiated coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.