Bleakley Financial Group LLC Purchases 1,208 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bleakley Financial Group LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,889 shares of the information technology services provider’s stock after buying an additional 1,208 shares during the quarter. Bleakley Financial Group LLC’s holdings in Fidelity National Information Services were worth $9,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meritage Portfolio Management purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth about $4,634,000. Mirae Asset Global Investments Co. Ltd. raised its position in Fidelity National Information Services by 17.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,644 shares of the information technology services provider’s stock worth $7,160,000 after acquiring an additional 12,897 shares during the period. Y.D. More Investments Ltd grew its position in shares of Fidelity National Information Services by 5.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,566 shares of the information technology services provider’s stock valued at $288,000 after acquiring an additional 188 shares during the period. E. Ohman J or Asset Management AB increased its stake in shares of Fidelity National Information Services by 10.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 24,200 shares of the information technology services provider’s stock worth $1,955,000 after purchasing an additional 2,300 shares during the last quarter. Finally, RBA Wealth Management LLC lifted its stake in Fidelity National Information Services by 1.4% in the fourth quarter. RBA Wealth Management LLC now owns 52,240 shares of the information technology services provider’s stock valued at $4,219,000 after purchasing an additional 709 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIS. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

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

Fidelity National Information Services Stock Up 0.8 %

NYSE:FIS opened at $82.16 on Thursday. 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 $44.23 billion, a PE ratio of 32.73, a P/E/G ratio of 0.62 and a beta of 1.04. The firm’s 50-day moving average price is $81.54 and its 200-day moving average price is $82.74. 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 released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

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

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.