Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,424 shares of the information technology services provider’s stock after purchasing an additional 203 shares during the period. Parallel Advisors LLC’s holdings in Fidelity National Information Services were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. raised its stake in shares of Fidelity National Information Services by 36.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,567 shares of the information technology services provider’s stock worth $1,257,000 after buying an additional 4,153 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Fidelity National Information Services by 5.6% during the 4th quarter. Natixis Advisors LLC now owns 631,495 shares of the information technology services provider’s stock worth $51,006,000 after buying an additional 33,337 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Fidelity National Information Services by 44.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,899 shares of the information technology services provider’s stock worth $396,000 after buying an additional 1,508 shares in the last quarter. Hilton Capital Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $5,373,000. Finally, PGGM Investments raised its stake in shares of Fidelity National Information Services by 18.9% during the 4th quarter. PGGM Investments now owns 171,659 shares of the information technology services provider’s stock worth $13,865,000 after buying an additional 27,268 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 1.5 %

Shares of NYSE FIS opened at $74.38 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $39.40 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The stock’s 50-day simple moving average is $74.93 and its 200-day simple moving average is $81.52.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 last year, the company earned $0.94 earnings per share. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost 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 in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Stephens dropped their price objective 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. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.