Prime Capital Investment Advisors LLC Buys New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Prime Capital Investment Advisors LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,627 shares of the information technology services provider’s stock, valued at approximately $278,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Fidelity National Information Services by 12.7% in the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after buying an additional 6,503,451 shares in the last quarter. State Street Corp lifted its position in Fidelity National Information Services by 1.4% in the 1st quarter. State Street Corp now owns 26,456,658 shares of the information technology services provider’s stock worth $1,437,381,000 after buying an additional 367,417 shares in the last quarter. Geode Capital Management LLC lifted its position in Fidelity National Information Services by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 10,572,297 shares of the information technology services provider’s stock worth $573,144,000 after buying an additional 107,041 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Information Services by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock worth $458,850,000 after purchasing an additional 33,881 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Fidelity National Information Services by 10.6% during the 3rd quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock worth $410,280,000 after purchasing an additional 708,947 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $70.95 on Friday. The firm has a fifty day moving average price of $68.34 and a two-hundred day moving average price of $60.80. The company has a market cap of $40.90 billion, a PE ratio of -6.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.97. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $74.75. 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 (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. Fidelity National Information Services’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase 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 purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a research note on Thursday, February 29th. They set a “buy” rating and a $84.00 price target on the stock. Mizuho increased their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. UBS Group raised their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.81.

Insider Transactions at Fidelity National Information Services

In other news, Director Ellen R. Alemany purchased 735 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average cost of $60.32 per share, with a total value of $44,335.20. Following the acquisition, the director now directly owns 35,333 shares of the company’s stock, valued at approximately $2,131,286.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by 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.