Peterson Wealth Services Has $1.69 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Peterson Wealth Services grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,937 shares of the information technology services provider’s stock after buying an additional 776 shares during the period. Peterson Wealth Services’ holdings in Fidelity National Information Services were worth $1,691,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the third quarter worth about $28,000. R Squared Ltd bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $30,000. Groupama Asset Managment increased its stake in shares of Fidelity National Information Services by 0.8% in the third 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, Concord Wealth Partners increased its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors.

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 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 owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Down 1.1 %

Shares of FIS opened at $82.53 on Tuesday. The company has a market capitalization of $44.43 billion, a P/E ratio of 32.88, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The business’s 50 day simple moving average is $81.38 and its 200-day simple moving average is $82.90.

Fidelity National Information Services Increases Dividend

The firm also recently announced 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 1.94%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 63.75%.

Analysts Set New Price Targets

A number of research firms have recently commented on FIS. Jefferies Financial Group lifted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. UBS Group boosted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $92.00.

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.