Lebenthal Global Advisors LLC Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Lebenthal Global Advisors LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,896 shares of the information technology services provider’s stock after purchasing an additional 903 shares during the period. Lebenthal Global Advisors LLC’s holdings in Fidelity National Information Services were worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIS. Fifth Third Wealth Advisors LLC boosted its stake in shares of Fidelity National Information Services by 2.2% in 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 purchasing an additional 129 shares in the last quarter. Graypoint LLC boosted its position in Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares during the period. Atomi Financial Group Inc. grew its holdings in Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares during the last quarter. Old Port Advisors increased its position 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 valued at $232,000 after acquiring an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake 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 valued at $308,000 after acquiring an additional 137 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FIS. Royal Bank of Canada reissued an “outperform” rating and issued a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Compass Point started coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Finally, Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Trading Up 2.3 %

Shares of NYSE FIS opened at $81.08 on Tuesday. The firm’s 50 day moving average price is $82.18 and its 200-day moving average price is $82.49. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $43.65 billion, a PE ratio of 32.30, a P/E/G ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.78%. Fidelity National Information Services’s payout ratio is 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

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.