3,434 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by City National Bank of Florida MSD

City National Bank of Florida MSD purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,434 shares of the information technology services provider’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the fourth quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after buying an additional 1,616,146 shares during the last quarter. KBC Group NV boosted its stake in shares of 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. Finally, Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after buying an additional 1,082,929 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIS. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Oppenheimer raised Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. Morgan Stanley lowered their price objective 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. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $91.11.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $79.21 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $41.62 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The firm has a 50-day moving average price of $75.32 and a two-hundred day moving average price of $78.19. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. As a group, research analysts expect 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 10th. 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.