Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3,287.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the information technology services provider’s stock after purchasing an additional 4,076 shares during the period. Golden State Equity Partners’ holdings in Fidelity National Information Services were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Handelsbanken Fonder AB increased its stake in shares of Fidelity National Information Services by 11.6% during the third quarter. Handelsbanken Fonder AB now owns 192,609 shares of the information technology services provider’s stock worth $16,131,000 after acquiring an additional 19,983 shares during the period. Czech National Bank increased its stake in Fidelity National Information Services by 4.8% during the 3rd quarter. Czech National Bank now owns 111,137 shares of the information technology services provider’s stock worth $9,308,000 after buying an additional 5,138 shares during the period. GAMMA Investing LLC increased its position in shares of Fidelity National Information Services by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 11,868 shares of the information technology services provider’s stock worth $994,000 after purchasing an additional 1,838 shares during the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $570,000. Finally, Fulton Bank N.A. boosted its stake in Fidelity National Information Services by 7.2% during the 3rd quarter. Fulton Bank N.A. now owns 8,379 shares of the information technology services provider’s stock valued at $702,000 after purchasing an additional 564 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FIS shares. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. UBS Group increased their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Compass Point started coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price on the stock. Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $104.00 target price on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. 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 company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were bought 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 of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $81.88 on Tuesday. The business has a 50 day moving average of $81.65 and a 200-day moving average of $82.66. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The company has a market capitalization of $44.08 billion, a P/E ratio of 32.62, a P/E/G ratio of 0.62 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.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business earned $0.94 EPS. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.