Proficio Capital Partners LLC Acquires New Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Proficio Capital Partners LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to the company in its most recent 13F filing with the 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 also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Fidelity National Information Services by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock valued at $1,683,000 after purchasing an additional 412 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 8.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock valued at $285,000 after buying an additional 254 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Fidelity National Information Services by 8.2% in the third quarter. Chicago Partners Investment Group LLC now owns 9,657 shares of the information technology services provider’s stock valued at $868,000 after buying an additional 734 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Fidelity National Information Services by 89.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock worth $52,846,000 after acquiring an additional 297,266 shares during the period. Finally, Intact Investment Management Inc. raised its position in Fidelity National Information Services by 9.1% in the third quarter. Intact Investment Management Inc. now owns 60,200 shares of the information technology services provider’s stock worth $5,042,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $71.19 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $37.71 billion, a PE ratio of 27.28, a P/E/G ratio of 1.23 and a beta of 1.04. The firm has a 50 day simple moving average of $77.49 and a 200-day simple moving average of $82.32. Fidelity National Information Services, Inc. has a 1-year low of $66.71 and a 1-year 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, 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 period in the prior year, the firm posted $0.94 earnings per share. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared 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 positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Fidelity National Information Services Company 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.