Burling Wealth Partners LLC Buys Shares of 6,761 Fidelity National Information Services, Inc. (NYSE:FIS)

Burling Wealth Partners LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,761 shares of the information technology services provider's stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. R Squared Ltd acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $37,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Grove Bank & Trust grew its position in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after buying an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.42 on Wednesday, reaching $78.21. The company's stock had a trading volume of 894,939 shares, compared to its average volume of 3,530,285. The company has a market capitalization of $41.43 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The stock's fifty day simple moving average is $72.62 and its 200-day simple moving average is $79.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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 the consensus estimate 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 period in the prior year, the firm posted $0.94 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.05%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on FIS. Royal Bank of Canada dropped their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price objective 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. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Finally, Robert W. Baird lifted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus target price of $89.29.

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.