Stoneridge Investment Partners LLC Buys New Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Stoneridge Investment Partners LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 64,675 shares of the information technology services provider’s stock, valued at approximately $5,224,000. Fidelity National Information Services accounts for about 1.9% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Fidelity National Information Services by 94.1% in the 3rd 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 last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the third quarter valued at $28,000. R Squared Ltd bought a new position in Fidelity National Information Services in the 4th quarter worth about $30,000. Groupama Asset Managment raised its stake in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners lifted its holdings in 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. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $83.41 on Friday. The firm has a market capitalization of $44.90 billion, a P/E ratio of 33.23, a P/E/G 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. The stock has a fifty day moving average price of $81.38 and a two-hundred day moving average price of $82.80. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FIS shares. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Robert W. Baird boosted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost 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. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

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.