QRG Capital Management Inc. Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

QRG Capital Management Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 59.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,341 shares of the information technology services provider’s stock after purchasing an additional 24,793 shares during the period. QRG Capital Management Inc.’s holdings in Fidelity National Information Services were worth $5,358,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at about $2,593,000. Avanza Fonder AB acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,313,000. Csenge Advisory Group boosted its stake in shares of Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after acquiring an additional 4,134 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 2.8 %

NYSE FIS opened at $71.19 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $66.71 and a 12 month high of $91.98. The stock has a market capitalization of $37.71 billion, a P/E ratio of 27.28, a PEG ratio of 1.23 and a beta of 1.04. The firm’s 50-day moving average is $77.49 and its two-hundred day moving average is $82.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 last year, the company posted $0.94 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Mizuho raised their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. UBS Group cut their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $88.65.

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.