SageView Advisory Group LLC Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

SageView Advisory Group LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,185 shares of the information technology services provider’s stock after acquiring an additional 160 shares during the period. SageView Advisory Group LLC’s holdings in Fidelity National Information Services were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FIS. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $30,000. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the third quarter valued at about $37,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $40,000. Grove Bank & Trust grew its stake in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 250 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. UBS Group reduced their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens reduced their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $88.89.

Fidelity National Information Services Trading Up 4.2 %

Shares of FIS stock opened at $72.41 on Monday. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a market cap of $38.35 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $72.29 and a 200-day simple moving average of $80.09.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 business earned $0.94 EPS. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

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.