Cullen Investment Group LTD. Buys 5,146 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Investment Group LTD. lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,612 shares of the information technology services provider’s stock after purchasing an additional 5,146 shares during the period. Cullen Investment Group LTD.’s holdings in Fidelity National Information Services were worth $3,442,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in Fidelity National Information Services by 885.9% in the second quarter. Acadian Asset Management LLC now owns 20,565 shares of the information technology services provider’s stock valued at $1,548,000 after purchasing an additional 18,479 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Fidelity National Information Services by 94.7% in the 2nd quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock valued at $5,803,000 after acquiring an additional 37,459 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Fidelity National Information Services by 13.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 227,314 shares of the information technology services provider’s stock worth $16,830,000 after acquiring an additional 27,289 shares in the last quarter. Federated Hermes Inc. increased its holdings in Fidelity National Information Services by 12.8% during the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider’s stock worth $2,814,000 after buying an additional 4,246 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Fidelity National Information Services by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 15,122 shares of the information technology services provider’s stock valued at $1,140,000 after acquiring an additional 382 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 1.9 %

NYSE:FIS opened at $78.57 on Tuesday. The firm has a fifty day simple moving average of $83.79 and a two-hundred day simple moving average of $82.25. Fidelity National Information Services, Inc. has a 12 month low of $58.24 and a 12 month high of $91.98. The stock has a market capitalization of $42.30 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 0.72 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.

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

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barclays lifted 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 note on Thursday, October 10th. Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $92.19.

Insider Transactions 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 dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.