Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,625 shares of the information technology services provider’s stock after buying an additional 1,928 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Fidelity National Information Services were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FIS. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $25,000. Baystate Wealth Management LLC increased its stake in Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the period. McCarthy Grittinger Financial Group LLC lifted its position in Fidelity National Information Services by 101.1% during the third quarter. McCarthy Grittinger Financial Group LLC now owns 573 shares of the information technology services provider’s stock worth $32,000 after buying an additional 288 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth about $35,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ellen R. Alemany purchased 735 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was purchased at an average price of $60.32 per share, with a total value of $44,335.20. Following the acquisition, the director now directly owns 35,333 shares in the company, valued at approximately $2,131,286.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FIS shares. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Evercore ISI upped their price target on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. UBS Group upped their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Finally, Morgan Stanley increased their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.73.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $0.72 during mid-day trading on Friday, hitting $74.18. 4,503,657 shares of the company’s stock traded hands, compared to its average volume of 4,561,071. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $74.75. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average price of $66.00 and a 200 day moving average price of $59.53. The company has a market cap of $42.76 billion, a PE ratio of -6.60, a price-to-earnings-growth ratio of 0.93 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services announced that its board has authorized a stock repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

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.