Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 82,513 shares of the information technology services provider’s stock after acquiring an additional 716 shares during the quarter. Linscomb Wealth Inc.’s holdings in Fidelity National Information Services were worth $6,665,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT boosted its position in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after acquiring an additional 129 shares during the period. Graypoint LLC boosted its holdings in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors increased its stake in shares of Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after acquiring an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FIS. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.43.

Fidelity National Information Services Price Performance

FIS stock opened at $69.25 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $36.68 billion, a P/E ratio of 26.53, a PEG ratio of 1.23 and a beta of 1.04. The business has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $82.33. Fidelity National Information Services, Inc. has a twelve month low of $66.38 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

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.