Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 22.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 58,384 shares of the information technology services provider’s stock after purchasing an additional 10,568 shares during the period. HighTower Advisors LLC’s holdings in Fidelity National Information Services were worth $3,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prudential PLC grew its stake in shares of Fidelity National Information Services by 144.6% during the 4th quarter. Prudential PLC now owns 31,642 shares of the information technology services provider’s stock worth $2,147,000 after purchasing an additional 18,707 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Fidelity National Information Services by 28.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,268 shares of the information technology services provider’s stock worth $1,850,000 after purchasing an additional 5,986 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Fidelity National Information Services by 12.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 274,075 shares of the information technology services provider’s stock worth $18,596,000 after purchasing an additional 30,757 shares during the period. Machina Capital S.A.S. acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $438,000. Finally, Tranquilli Financial Advisor LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $232,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 958 shares of the stock in a transaction on Monday, April 17th. The stock was bought at an average price of $57.24 per share, with a total value of $54,835.92. Following the completion of the transaction, the director now directly owns 5,404 shares of the company’s stock, valued at $309,324.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fidelity National Information Services news, CFO Erik D. Hoag sold 5,658 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total value of $361,433.04. Following the completion of the sale, the chief financial officer now owns 16,368 shares of the company’s stock, valued at $1,045,587.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 958 shares of the stock in a transaction on Monday, April 17th. The stock was purchased at an average cost of $57.24 per share, with a total value of $54,835.92. Following the transaction, the director now directly owns 5,404 shares of the company’s stock, valued at $309,324.96. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Down 1.7 %

NYSE FIS opened at $56.84 on Friday. Fidelity National Information Services, Inc. has a one year low of $48.57 and a one year high of $106.65. The company’s 50 day moving average price is $54.37 and its 200 day moving average price is $63.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $33.67 billion, a price-to-earnings ratio of -2.02, a PEG ratio of 0.92 and a beta of 0.82.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The information technology services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.20 by $0.09. Fidelity National Information Services had a negative net margin of 114.79% and a positive return on equity of 10.66%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the firm posted $1.47 earnings per share. Fidelity National Information Services’s revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.95 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.08 annualized dividend and a yield of 3.66%. Fidelity National Information Services’s payout ratio is -7.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FIS shares. Stephens raised shares of Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $75.00 in a research note on Friday, April 28th. 22nd Century Group reissued a “maintains” rating on shares of Fidelity National Information Services in a research note on Friday, April 28th. Mizuho increased their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 in a research note on Monday, May 1st. Keefe, Bruyette & Woods raised shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Thursday, March 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Fidelity National Information Services from $93.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.30.

About Fidelity National Information Services

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.