Sage Private Wealth Group LLC Has $317,000 Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Sage Private Wealth Group LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,920 shares of the information technology services provider’s stock after purchasing an additional 404 shares during the period. Sage Private Wealth Group LLC’s holdings in Fidelity National Information Services were worth $317,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after acquiring an additional 211,787 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Raymond James & Associates boosted its position in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the period. FMR LLC grew its holdings in Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after purchasing an additional 174,673 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FIS. TD Cowen upped their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Compass Point assumed coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Stock Down 11.5 %

NYSE FIS opened at $73.13 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $60.39 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $81.32 and its two-hundred day moving average is $82.96. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period last year, the business posted $0.94 EPS. Equities analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.