Fidelity National Information Services, Inc. $FIS Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 45.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,518 shares of the information technology services provider’s stock after purchasing an additional 82,518 shares during the quarter. Assetmark Inc. owned about 0.05% of Fidelity National Information Services worth $17,508,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in Fidelity National Information Services by 10.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 54,719 shares of the information technology services provider’s stock valued at $3,608,000 after acquiring an additional 5,400 shares during the period. Varma Mutual Pension Insurance Co lifted its position in Fidelity National Information Services by 22.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 112,582 shares of the information technology services provider’s stock valued at $7,424,000 after purchasing an additional 20,300 shares during the period. Sound Shore Management Inc CT lifted its position in Fidelity National Information Services by 27.7% during the third quarter. Sound Shore Management Inc CT now owns 1,393,298 shares of the information technology services provider’s stock valued at $91,874,000 after purchasing an additional 302,023 shares during the period. Savvy Advisors Inc. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $208,000. Finally, Cibc World Market Inc. raised its stake in shares of Fidelity National Information Services by 8.5% during the 3rd quarter. Cibc World Market Inc. now owns 64,682 shares of the information technology services provider’s stock valued at $4,265,000 after buying an additional 5,092 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

NYSE:FIS opened at $46.74 on Friday. The stock has a 50 day moving average of $61.62 and a two-hundred day moving average of $65.43. Fidelity National Information Services, Inc. has a 12 month low of $46.16 and a 12 month high of $82.74. The firm has a market cap of $24.20 billion, a P/E ratio of 173.11, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.8%. Fidelity National Information Services’s payout ratio is currently 592.59%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIS. Stephens reduced their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, UBS Group upped their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average price target of $78.33.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. The trade was a 6.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.