Venturi Wealth Management LLC Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Venturi Wealth Management LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 221.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,279 shares of the information technology services provider’s stock after acquiring an additional 881 shares during the period. Venturi Wealth Management LLC’s holdings in Fidelity National Information Services were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FIS. Allspring Global Investments Holdings LLC boosted its holdings in shares of Fidelity National Information Services by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock worth $2,362,000 after buying an additional 1,620 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Fidelity National Information Services by 22.5% in the third quarter. Sequoia Financial Advisors LLC now owns 7,249 shares of the information technology services provider’s stock valued at $607,000 after acquiring an additional 1,330 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Fidelity National Information Services by 6,330.3% during the 3rd quarter. International Assets Investment Management LLC now owns 20,770 shares of the information technology services provider’s stock valued at $17,390,000 after acquiring an additional 20,447 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Fidelity National Information Services by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock worth $1,683,000 after purchasing an additional 412 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in shares of Fidelity National Information Services by 2.3% in the 3rd quarter. Dakota Wealth Management now owns 10,371 shares of the information technology services provider’s stock worth $869,000 after purchasing an additional 238 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $87.36.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE FIS opened at $69.95 on Monday. The business has a 50-day moving average of $78.69 and a 200-day moving average of $82.62. The firm has a market capitalization of $37.05 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $62.63 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the business posted $0.94 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 55.17%.

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.