Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,642 shares of the information technology services provider’s stock after buying an additional 1,489 shares during the period. Level Four Advisory Services LLC’s holdings in Fidelity National Information Services were worth $3,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIS. Bradley Foster & Sargent Inc. CT increased its stake in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 129 shares in the last quarter. Old Port Advisors raised its stake in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after buying an additional 135 shares during the last quarter. Modera Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after buying an additional 137 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after acquiring an additional 138 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Stephens reduced their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price target on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 1.9 %

Shares of FIS opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm has a market capitalization of $39.01 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $74.34 and its 200 day simple moving average is $81.13.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the company posted $0.94 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

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.