Proficio Capital Partners LLC Purchases Shares of 151,605 Fidelity National Information Services, Inc. (NYSE:FIS)

Proficio Capital Partners LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,605 shares of the information technology services provider’s stock, valued at approximately $12,245,000.

Other hedge funds have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its position in Fidelity National Information Services by 2.2% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 235,500 shares of the information technology services provider’s stock worth $19,021,000 after purchasing an additional 5,000 shares during the period. National Pension Service boosted its position in shares of Fidelity National Information Services by 24.3% in the fourth quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider’s stock worth $91,909,000 after buying an additional 222,435 shares during the period. Millington Financial Advisors LLC grew its stake in shares of Fidelity National Information Services by 5.8% in the fourth quarter. Millington Financial Advisors LLC now owns 24,554 shares of the information technology services provider’s stock valued at $2,011,000 after buying an additional 1,338 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $325,000. Finally, IFP Advisors Inc raised its holdings in shares of Fidelity National Information Services by 5.4% during the 4th quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 2.8 %

NYSE FIS opened at $71.19 on Friday. The firm has a market capitalization of $37.71 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a one year low of $66.71 and a one year high of $91.98. The company has a 50-day simple moving average of $77.49 and a 200-day simple moving average of $82.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last posted its 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 17.30% and a net margin of 14.54%. During the same quarter last year, the firm earned $0.94 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated 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 completion of the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FIS shares. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Compass Point lowered their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Profile

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.