Natixis Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Natixis lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,135 shares of the information technology services provider’s stock after purchasing an additional 17,336 shares during the period. Natixis’ holdings in Fidelity National Information Services were worth $7,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $2,593,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the 4th quarter valued at about $3,227,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $2,313,000. Finally, Csenge Advisory Group raised its holdings in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after acquiring an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the 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 transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Up 8.7 %

Shares of NYSE FIS opened at $74.63 on Monday. The business has a 50-day moving average price of $71.39 and a 200 day moving average price of $79.68. The stock has a market cap of $39.53 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 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 period in the prior year, the business posted $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Wall Street Analyst Weigh In

Several research analysts recently commented on FIS shares. Compass Point reduced their price objective 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. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced their price objective on 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. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.89.

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.