Verity & Verity LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,336 shares of the information technology services provider's stock after buying an additional 15,665 shares during the quarter. Verity & Verity LLC's holdings in Fidelity National Information Services were worth $4,793,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after buying an additional 211,787 shares in the last quarter. Legal & General Group Plc grew its stake in Fidelity National Information Services by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock worth $372,135,000 after purchasing an additional 75,429 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after purchasing an additional 538,514 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after buying an additional 3,357,329 shares during the period. Finally, FMR LLC grew its position in shares of Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after buying an additional 174,673 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FIS has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Finally, Barclays boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.
View Our Latest Stock Report on Fidelity National Information Services
Fidelity National Information Services Price Performance
FIS stock traded down $0.01 during 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 firm has a market capitalization of $42.37 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $83.12 and a 200 day moving average of $82.30. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $2.56 billion. During the same period last year, the firm posted $0.94 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.18 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 Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.83%. Fidelity National Information Services's dividend payout ratio is currently 57.37%.
Insiders Place Their Bets
In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $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 company insiders.
About Fidelity National Information Services
(
Free Report)
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.
Featured Articles
Before you consider Fidelity National Information Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelity National Information Services wasn't on the list.
While Fidelity National Information Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
