River Global Investors LLP Grows Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

River Global Investors LLP grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,977 shares of the information technology services provider’s stock after purchasing an additional 6,247 shares during the period. River Global Investors LLP’s holdings in Fidelity National Information Services were worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FIS. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the third quarter worth about $25,000. Baystate Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 332.1% during the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after buying an additional 372 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Finally, ORG Partners LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth $48,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $1.29 during midday trading on Friday, hitting $70.72. The company had a trading volume of 3,571,205 shares, compared to its average volume of 3,578,831. The stock has a market cap of $39.71 billion, a price-to-earnings ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.98. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $74.75. The company’s 50 day simple moving average is $70.56 and its 200 day simple moving average is $62.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $1.71 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock repurchase program on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Evercore ISI boosted their price objective on Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $72.50.

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.