AGF Investments Inc. Invests $327,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

AGF Investments Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,992 shares of the information technology services provider’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Herold Advisors Inc. purchased a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $27,000. Equitec Proprietary Markets LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $39,000. Cordant Inc. lifted its holdings in Fidelity National Information Services by 8,260.0% in the fourth quarter. Cordant Inc. now owns 418 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 413 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Fidelity National Information Services by 1,700.0% during the third quarter. Simon Quick Advisors LLC now owns 396 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 374 shares in the last quarter. Finally, AllSquare Wealth Management LLC lifted its stake in Fidelity National Information Services by 28.3% during the third quarter. AllSquare Wealth Management LLC now owns 431 shares of the information technology services provider’s stock worth $52,000 after purchasing an additional 95 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

FIS stock opened at $102.03 on Monday. Fidelity National Information Services, Inc. has a 52-week low of $85.00 and a 52-week high of $155.96. The company’s 50 day simple moving average is $99.90 and its 200-day simple moving average is $108.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $62.20 billion, a P/E ratio of 150.05, a P/E/G ratio of 1.03 and a beta of 0.74.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The information technology services provider reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.03. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.70 billion. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. Fidelity National Information Services’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 7.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 276.47%.

A number of research firms have recently weighed in on FIS. Citigroup cut their price objective on Fidelity National Information Services from $160.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, January 26th. Bank of America dropped their price objective on Fidelity National Information Services from $150.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 17th. Mizuho dropped their price objective on Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 16th. Finally, KeyCorp reduced their price objective on shares of Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 28th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $138.76.

About Fidelity National Information Services (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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