Jupiter Asset Management Ltd. Has $90.56 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Jupiter Asset Management Ltd. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,121,249 shares of the information technology services provider’s stock after selling 60,597 shares during the period. Fidelity National Information Services makes up 0.9% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 14th largest position. Jupiter Asset Management Ltd.’s holdings in Fidelity National Information Services were worth $90,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment boosted its stake in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Finally, Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FIS. Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Morgan Stanley lowered their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $68.23 on Wednesday. Fidelity National Information Services, Inc. has a 1 year low of $66.72 and a 1 year high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.10. The firm’s 50 day simple moving average is $75.92 and its 200 day simple moving average is $81.94.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results 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 net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the company earned $0.94 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.35%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Fidelity National Information Services Company 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.