Prudential Financial Inc. Has $108.42 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Prudential Financial Inc. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,342,287 shares of the information technology services provider’s stock after buying an additional 38,555 shares during the period. Prudential Financial Inc.’s holdings in Fidelity National Information Services were worth $108,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pathstone Holdings LLC increased its holdings in shares of Fidelity National Information Services by 3.0% in the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock valued at $3,096,000 after purchasing an additional 1,093 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $8,375,000. Great Valley Advisor Group Inc. grew its stake in Fidelity National Information Services by 20.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 5,109 shares of the information technology services provider’s stock valued at $428,000 after buying an additional 877 shares during the last quarter. Cerity Partners LLC raised its holdings in Fidelity National Information Services by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider’s stock valued at $4,017,000 after acquiring an additional 25,870 shares during the period. Finally, Swedbank AB lifted its position in Fidelity National Information Services by 1.3% during the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after acquiring an additional 4,642 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FIS. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $103.00 to $81.00 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 reduced their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. UBS Group lowered their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, 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 report on Wednesday, February 12th. One 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $74.31 on Tuesday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $74.67 and a 200 day simple moving average of $81.33. The company has a market cap of $39.36 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last posted its 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 in the previous year, the company earned $0.94 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. 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 dividend yield of 2.15%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was bought 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 owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

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.