Strategic Financial Concepts LLC Buys Shares of 103,293 Fidelity National Information Services, Inc. (NYSE:FIS)

Strategic Financial Concepts LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 103,293 shares of the information technology services provider's stock, valued at approximately $8,343,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIS. Creative Planning boosted its stake in Fidelity National Information Services by 6.9% during the third quarter. Creative Planning now owns 69,023 shares of the information technology services provider's stock worth $5,781,000 after buying an additional 4,452 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Fidelity National Information Services by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,218 shares of the information technology services provider's stock worth $5,043,000 after purchasing an additional 449 shares during the period. V Square Quantitative Management LLC boosted its holdings in Fidelity National Information Services by 12.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 10,506 shares of the information technology services provider's stock valued at $880,000 after purchasing an additional 1,193 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $1,407,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $223,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. UBS Group decreased their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. 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 report on Tuesday, November 5th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Hold" and an average target price of $87.36.

Fidelity National Information Services Stock Performance

Shares of FIS traded down $0.23 during midday trading on Wednesday, reaching $69.44. 4,038,180 shares of the stock were exchanged, compared to its average volume of 3,453,019. The company has a market capitalization of $36.78 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a twelve month low of $62.17 and a twelve month high of $91.98. The business's 50-day moving average price is $79.59 and its 200 day moving average price is $82.74.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 period in the previous year, the company earned $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.73 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. Fidelity National Information Services's payout ratio is currently 55.17%.

About Fidelity National Information Services

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.