Allworth Financial LP Boosts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Allworth Financial LP raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,654 shares of the information technology services provider’s stock after buying an additional 425 shares during the quarter. Allworth Financial LP’s holdings in Fidelity National Information Services were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the third quarter worth about $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth about $30,000. Groupama Asset Managment grew its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent analyst reports. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their target price 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. Finally, TD Cowen boosted their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.36.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $69.95 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market cap of $37.05 billion, a PE ratio of 26.80, a P/E/G ratio of 1.23 and a beta of 1.04. The business has a 50 day moving average of $78.69 and a 200 day moving average of $82.58. Fidelity National Information Services, Inc. has a 52 week low of $62.63 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.94 earnings per share. As a group, 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 will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is 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 is currently 55.17%.

Fidelity National Information Services 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.