Cullen Investment Group LTD. Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Investment Group LTD. boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,612 shares of the information technology services provider’s stock after acquiring an additional 5,146 shares during the period. Cullen Investment Group LTD.’s holdings in Fidelity National Information Services were worth $3,442,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fidelity National Information Services during the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $30,000. Groupama Asset Managment grew its stake in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares in the last quarter. Finally, Concord Wealth Partners grew its stake in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Up 1.9 %

Fidelity National Information Services stock opened at $78.57 on Tuesday. The firm has a 50 day moving average price of $83.79 and a 200 day moving average price of $82.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. The company has a market capitalization of $42.30 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FIS shares. Barclays increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Oppenheimer began coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Stephens increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Compass Point began coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. Finally, Susquehanna increased their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $92.19.

About Fidelity National Information Services

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.