Simplicity Wealth LLC Purchases Shares of 3,434 Fidelity National Information Services, Inc. (NYSE:FIS)

Simplicity Wealth LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,434 shares of the information technology services provider’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $2,593,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Avanza Fonder AB purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $3,227,000. Princeton Global Asset Management LLC acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,313,000. Finally, Csenge Advisory Group raised its position in shares of Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIS. Compass Point cut their price objective on shares of 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. UBS Group cut their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Stephens cut their price objective on shares of 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. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Price Performance

FIS opened at $71.29 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52-week low of $66.72 and a 52-week high of $91.98. The company has a 50 day moving average of $76.17 and a two-hundred day moving average of $82.01. The company has a market cap of $37.76 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.94 earnings per share. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. 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 2.24%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

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.