Strategic Financial Concepts LLC Invests $8.34 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Strategic Financial Concepts LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 103,293 shares of the information technology services provider’s stock, valued at approximately $8,343,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after buying an additional 211,787 shares during the period. The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after acquiring an additional 538,514 shares during the last quarter. Raymond James & Associates grew its stake in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. FMR LLC raised its holdings in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after purchasing an additional 174,673 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $68.84 on Friday. The firm has a 50-day moving average price of $80.20 and a two-hundred day moving average price of $82.73. Fidelity National Information Services, Inc. has a 12-month low of $62.17 and a 12-month high of $91.98. The company has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the prior year, the company earned $0.94 EPS. Analysts anticipate 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 disclosed 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 an increase 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 annualized dividend and a yield of 2.32%. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FIS shares. Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lowered their target price 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $87.95.

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.