Wedbush Securities Inc. purchased a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,590 shares of the information technology services provider’s stock, valued at approximately $519,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc lifted its stake in Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock valued at $2,707,274,000 after buying an additional 261,868 shares during the period. Lunia Capital LP acquired a new position in Fidelity National Information Servcs in the fourth quarter valued at approximately $20,720,000. Morgan Stanley lifted its stake in Fidelity National Information Servcs by 6.8% in the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock valued at $580,287,000 after buying an additional 339,407 shares during the period. Geode Capital Management LLC lifted its stake in Fidelity National Information Servcs by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock valued at $462,775,000 after buying an additional 347,672 shares during the period. Finally, FMR LLC lifted its stake in Fidelity National Information Servcs by 23.2% in the fourth quarter. FMR LLC now owns 4,410,648 shares of the information technology services provider’s stock valued at $452,311,000 after buying an additional 831,468 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Gary Norcross sold 160,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.81, for a total transaction of $17,409,600.00. Following the completion of the sale, the chief executive officer now owns 249,434 shares in the company, valued at $27,140,913.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandar Navab, Jr. purchased 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $107.22 per share, with a total value of $544,141.50. Following the acquisition, the director now directly owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The disclosure for this purchase can be found here. Corporate insiders own 1.43% of the company’s stock.

Several equities analysts have issued reports on FIS shares. Cantor Fitzgerald reissued a “buy” rating and issued a $122.00 price target on shares of Fidelity National Information Servcs in a research note on Tuesday, April 2nd. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Friday, February 15th. Guggenheim boosted their price objective on Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a report on Friday, March 22nd. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, SunTrust Banks downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price objective for the company. in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $125.54.

NYSE FIS opened at $110.89 on Monday. The company has a market cap of $35.85 billion, a PE ratio of 21.20, a PEG ratio of 1.25 and a beta of 0.74. Fidelity National Information Servcs Inc has a 52 week low of $93.87 and a 52 week high of $115.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. Fidelity National Information Servcs’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Fidelity National Information Servcs Inc will post 7.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 1.26%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. Fidelity National Information Servcs’s dividend payout ratio is 26.77%.

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About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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