Princeton Global Asset Management LLC Invests $2.31 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Princeton Global Asset Management LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 28,637 shares of the information technology services provider’s stock, valued at approximately $2,313,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in 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 valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $28,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the fourth quarter worth approximately $30,000. Concord Wealth Partners boosted its holdings 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. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services in the third quarter valued at approximately $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIS. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Barclays raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, TD Cowen boosted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Trading Down 0.8 %

NYSE:FIS opened at $81.44 on Monday. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50-day simple moving average is $81.65 and its 200 day simple moving average is $82.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Company 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.