7,567 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,567 shares of the information technology services provider’s stock, valued at approximately $611,000.

A number of other institutional investors have also recently bought and sold shares of FIS. ST Germain D J Co. Inc. increased its holdings in Fidelity National Information Services by 1,927.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,946 shares of the information technology services provider’s stock valued at $157,000 after purchasing an additional 1,850 shares during the last quarter. Hilltop National Bank increased its stake in shares of Fidelity National Information Services by 5.8% in the 4th quarter. Hilltop National Bank now owns 18,743 shares of the information technology services provider’s stock valued at $1,514,000 after acquiring an additional 1,031 shares during the last quarter. RMR Wealth Builders raised its position in shares of Fidelity National Information Services by 16.5% in the 4th quarter. RMR Wealth Builders now owns 16,344 shares of the information technology services provider’s stock valued at $1,320,000 after acquiring an additional 2,313 shares during the period. Czech National Bank boosted its stake in Fidelity National Information Services by 5.0% during the 4th quarter. Czech National Bank now owns 116,726 shares of the information technology services provider’s stock worth $9,428,000 after acquiring an additional 5,589 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in Fidelity National Information Services by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 3,054 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of a number of recent analyst reports. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Robert W. Baird increased their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 4th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Compass Point lowered their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.11.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $77.97 on Friday. 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 business has a 50-day moving average of $73.68 and a 200-day moving average of $78.86. The stock has a market capitalization of $41.00 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

About Fidelity National Information Services

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.