Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Prospector Partners LLC

Prospector Partners LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,862 shares of the information technology services provider’s stock after buying an additional 570 shares during the period. Prospector Partners LLC’s holdings in Fidelity National Information Services were worth $9,122,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. Parkside Financial Bank & Trust raised its holdings in Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 203 shares during the last quarter. Allworth Financial LP raised its holdings in Fidelity National Information Services by 14.4% in the third quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after purchasing an additional 206 shares during the period. First Business Financial Services Inc. raised its position in shares of Fidelity National Information Services by 4.4% during the third quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock worth $305,000 after purchasing an additional 230 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after purchasing an additional 232 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Fidelity National Information Services by 7.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIS shares. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Royal Bank of Canada increased their target price on Fidelity National Information Services from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. TD Cowen increased their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Bank of America upped their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Barclays lifted their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.11.

Fidelity National Information Services Price Performance

FIS stock traded down $1.13 during trading on Thursday, reaching $76.11. 1,239,548 shares of the company were exchanged, compared to its average volume of 4,424,129. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $42.34 billion, a price-to-earnings ratio of -7.55, a P/E/G ratio of 0.80 and a beta of 0.98. The company has a 50-day moving average of $72.38 and a two-hundred day moving average of $64.89.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. Fidelity National Information Services’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. Fidelity National Information Services’s payout ratio is currently -14.08%.

About Fidelity National Information Services

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.