Commerzbank Aktiengesellschaft FI Makes New $275,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, Holdings Channel.com reports. The firm acquired 3,401 shares of the information technology services provider’s stock, valued at approximately $275,000.

A number of other hedge funds have also modified their holdings of FIS. Larson Financial Group LLC raised its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $30,000. Groupama Asset Managment raised its position in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $37,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.3 %

NYSE FIS opened at $69.67 on Thursday. The firm has a 50 day simple moving average of $76.80 and a 200-day simple moving average of $82.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.72 and a one year high of $91.98. The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 earned $0.94 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’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 completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIS. Compass Point reduced their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of 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, BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and a consensus price target of $88.65.

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.