AssuredPartners Investment Advisors LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

AssuredPartners Investment Advisors LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,199 shares of the information technology services provider’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $451,458,000. KBC Group NV lifted its holdings in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Nordea Investment Management AB boosted its position in Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. Boston Partners increased its holdings in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after acquiring an additional 446,544 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Fidelity National Information Services by 41.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider’s stock valued at $72,306,000 after acquiring an additional 264,209 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent research reports. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley cut 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. Finally, Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.65.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.8 %

Shares of Fidelity National Information Services stock opened at $75.17 on Friday. The firm has a fifty day moving average price of $74.44 and a 200 day moving average price of $81.19. The stock has a market cap of $39.82 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

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 for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts predict 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 was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 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.