Bleakley Financial Group LLC Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Bleakley Financial Group LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 121,889 shares of the information technology services provider’s stock after acquiring an additional 1,208 shares during the quarter. Bleakley Financial Group LLC’s holdings in Fidelity National Information Services were worth $9,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Czech National Bank lifted its position in shares of Fidelity National Information Services by 4.8% in the third quarter. Czech National Bank now owns 111,137 shares of the information technology services provider’s stock worth $9,308,000 after buying an additional 5,138 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in Fidelity National Information Services during the third quarter valued at $570,000. Fulton Bank N.A. grew its stake in shares of Fidelity National Information Services by 7.2% in the 3rd quarter. Fulton Bank N.A. now owns 8,379 shares of the information technology services provider’s stock worth $702,000 after buying an additional 564 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Fidelity National Information Services by 19.3% in the 3rd quarter. Mather Group LLC. now owns 1,710 shares of the information technology services provider’s stock worth $143,000 after buying an additional 277 shares during the last quarter. Finally, Callan Family Office LLC purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $268,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’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 owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird upped 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. Compass Point began coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective for the company. Finally, TD Cowen upped their target price on 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. One equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Trading Up 0.8 %

NYSE:FIS opened at $82.16 on Thursday. The stock has a 50-day simple moving average of $81.54 and a 200-day simple moving average of $82.74. The stock has a market cap of $44.23 billion, a P/E ratio of 32.73, a P/E/G ratio of 0.62 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last released 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 company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.