Fidelity National Information Services, Inc. $FIS Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,097 shares of the information technology services provider’s stock after acquiring an additional 19,534 shares during the period. Advisors Capital Management LLC owned approximately 0.09% of Fidelity National Information Services worth $30,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NEOS Investment Management LLC increased its holdings in Fidelity National Information Services by 43.7% during the 3rd quarter. NEOS Investment Management LLC now owns 77,994 shares of the information technology services provider’s stock worth $5,143,000 after purchasing an additional 23,730 shares during the period. Heartland Advisors Inc. boosted its stake in shares of Fidelity National Information Services by 53.5% in the 3rd quarter. Heartland Advisors Inc. now owns 82,489 shares of the information technology services provider’s stock valued at $5,439,000 after buying an additional 28,753 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Fidelity National Information Services by 1.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 181,712 shares of the information technology services provider’s stock worth $11,982,000 after buying an additional 2,714 shares in the last quarter. Cidel Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 17.7% during the third quarter. Cidel Asset Management Inc. now owns 3,507 shares of the information technology services provider’s stock worth $231,000 after buying an additional 528 shares during the period. Finally, Assetmark Inc. raised its holdings in Fidelity National Information Services by 45.1% in the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock valued at $17,508,000 after acquiring an additional 82,518 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.5%

NYSE:FIS opened at $47.48 on Wednesday. The company has a market capitalization of $24.59 billion, a PE ratio of 175.85, a P/E/G ratio of 0.70 and a beta of 0.90. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The stock’s 50 day moving average price is $60.89 and its 200 day moving average price is $64.88. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is presently 651.85%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction on Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the transaction, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on FIS shares. BNP Paribas Exane lowered their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Compass Point lowered their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Wells Fargo & Company began coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.94.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.