10,435 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FISFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,435 shares of the information technology services provider’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Osborne Partners Capital Management LLC grew its holdings in Fidelity National Information Services by 4.7% in the 4th quarter. Osborne Partners Capital Management LLC now owns 103,158 shares of the information technology services provider’s stock worth $6,197,000 after buying an additional 4,662 shares in the last quarter. Veracity Capital LLC bought a new position in Fidelity National Information Services during the 4th quarter valued at $468,000. PFG Private Wealth Management LLC bought a new position in Fidelity National Information Services during the 4th quarter valued at $151,000. Blackhawk Capital Partners LLC. bought a new position in Fidelity National Information Services during the 4th quarter valued at $456,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Fidelity National Information Services by 10.3% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 20,625 shares of the information technology services provider’s stock valued at $1,239,000 after purchasing an additional 1,928 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FIS. Mizuho increased their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley increased their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Robert W. Baird downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Wednesday, March 13th. UBS Group increased their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.73.

Check Out Our Latest Report on Fidelity National Information Services

Fidelity National Information Services Trading Down 1.5 %

NYSE:FIS opened at $72.59 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $74.75. The stock’s 50-day moving average is $66.77 and its two-hundred day moving average is $59.95. The stock has a market cap of $41.85 billion, a PE ratio of -6.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $1.71 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 1.98%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Ellen R. Alemany purchased 735 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 17th. The stock was acquired at an average cost of $60.32 per share, for a total transaction of $44,335.20. Following the acquisition, the director now directly owns 35,333 shares in the company, valued at $2,131,286.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Fidelity National Information Services Company Profile

(Free Report)

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.

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

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