Moran Wealth Management LLC Buys 188,047 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Moran Wealth Management LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 369.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 238,979 shares of the information technology services provider’s stock after purchasing an additional 188,047 shares during the quarter. Moran Wealth Management LLC’s holdings in Fidelity National Information Services were worth $19,302,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Fidelity National Information Services by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 451,856 shares of the information technology services provider’s stock worth $36,496,000 after purchasing an additional 2,233 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $277,000. Taika Capital LP bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $364,000. AlphaQuest LLC boosted its holdings in shares of Fidelity National Information Services by 15,400.0% during the fourth quarter. AlphaQuest LLC now owns 1,550 shares of the information technology services provider’s stock worth $125,000 after purchasing an additional 1,540 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on FIS. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Stephens dropped their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Barclays cut their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.65.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price 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 of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock opened at $71.47 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1 year low of $66.72 and a 1 year high of $91.98. The company has a market cap of $37.86 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The stock’s fifty day moving average price is $76.36 and its 200-day moving average price is $82.07.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.94 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a yield of 2.24%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.