Exchange Traded Concepts LLC Increases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Exchange Traded Concepts LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,177 shares of the information technology services provider’s stock after acquiring an additional 279 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Fidelity National Information Services were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional increased its holdings in Fidelity National Information Services by 23.9% during the fourth quarter. CX Institutional now owns 5,477 shares of the information technology services provider’s stock valued at $442,000 after buying an additional 1,055 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 250 shares during the period. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $347,000. Montecito Bank & Trust lifted its stake in shares of Fidelity National Information Services by 31.1% during the 4th quarter. Montecito Bank & Trust now owns 4,570 shares of the information technology services provider’s stock worth $369,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Veracity Capital LLC boosted its position in Fidelity National Information Services by 6.7% during the fourth quarter. Veracity Capital LLC now owns 13,670 shares of the information technology services provider’s stock valued at $1,104,000 after purchasing an additional 853 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $81.44 on Friday. The business’s 50 day moving average price is $81.65 and its 200-day moving average price is $82.58. 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 debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $43.84 billion, a PE ratio of 32.44, a P/E/G ratio of 0.62 and a beta of 1.04.

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

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

Several analysts have commented on FIS shares. Morgan Stanley increased their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $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 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.