MGO One Seven LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 33.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,252 shares of the information technology services provider’s stock after buying an additional 1,817 shares during the quarter. MGO One Seven LLC’s holdings in Fidelity National Information Services were worth $492,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in FIS. Acadian Asset Management LLC lifted its position in Fidelity National Information Services by 491.5% in the first quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock valued at $391,000 after purchasing an additional 3,244 shares during the period. Synovus Financial Corp raised its stake in shares of Fidelity National Information Services by 71.6% during the 1st quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock worth $982,000 after buying an additional 4,085 shares in the last quarter. Prudential PLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $1,173,000. Baird Financial Group Inc. grew its holdings in Fidelity National Information Services by 8.2% during the first quarter. Baird Financial Group Inc. now owns 194,714 shares of the information technology services provider’s stock worth $19,553,000 after acquiring an additional 14,819 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on FIS shares. Mizuho cut their price target on shares of Fidelity National Information Services from $90.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. Morgan Stanley raised shares of Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $73.00 to $79.00 in a report on Tuesday, February 14th. Robert W. Baird lowered their price target on Fidelity National Information Services from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, February 14th. Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $67.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, February 14th. Finally, Royal Bank of Canada dropped their price target on Fidelity National Information Services from $93.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $89.48.
Fidelity National Information Services Stock Up 3.2 %
Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its earnings results on Monday, February 13th. The information technology services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.01. Fidelity National Information Services had a positive return on equity of 9.71% and a negative net margin of 115.07%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.87 EPS for the current year.
Fidelity National Information Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a dividend of $0.52 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 3.75%. Fidelity National Information Services’s payout ratio is presently -7.37%.
Insider Activity at Fidelity National Information Services
In other news, CFO Erik D. Hoag sold 5,658 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total value of $361,433.04. Following the completion of the sale, the chief financial officer now owns 16,368 shares of the company’s stock, valued at $1,045,587.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Erik D. Hoag sold 5,658 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total value of $361,433.04. Following the completion of the transaction, the chief financial officer now directly owns 16,368 shares in the company, valued at $1,045,587.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey E. Stiefler acquired 2,243 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was purchased at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the acquisition, the director now directly owns 3,343 shares in the company, valued at $223,579.84. The disclosure for this purchase can be found here. 0.68% of the stock is owned by insiders.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.
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