28,637 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,637 shares of the information technology services provider’s stock, valued at approximately $2,313,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its stake in shares of Fidelity National Information Services by 6.9% in the 4th quarter. Greenleaf Trust now owns 3,787 shares of the information technology services provider’s stock valued at $306,000 after acquiring an additional 244 shares in the last quarter. Golden State Equity Partners increased its stake in Fidelity National Information Services by 3,287.1% in the fourth quarter. Golden State Equity Partners now owns 4,200 shares of the information technology services provider’s stock valued at $339,000 after purchasing an additional 4,076 shares in the last quarter. Avantra Family Wealth Inc. bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $833,000. DAVENPORT & Co LLC grew its stake in shares of Fidelity National Information Services by 2.4% in the 4th quarter. DAVENPORT & Co LLC now owns 7,970 shares of the information technology services provider’s stock valued at $644,000 after buying an additional 187 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new stake in Fidelity National Information Services in the 4th quarter valued at about $1,223,000. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FIS. Barclays raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. 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. Keefe, Bruyette & Woods boosted their target price on shares of 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. Finally, Mizuho raised their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Stock Down 0.8 %

Fidelity National Information Services stock opened at $81.44 on Monday. The business’s 50-day moving average price is $81.65 and its 200 day moving average price is $82.62. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $43.84 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52 week low of $60.39 and a 52 week high of $91.98.

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

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.96%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services 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 transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

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.