Cary Street Partners Financial LLC Purchases Shares of 7,567 Fidelity National Information Services, Inc. (NYSE:FIS)

Cary Street Partners Financial LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,567 shares of the information technology services provider's stock, valued at approximately $611,000.

Other hedge funds also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT grew its stake 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 purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after buying an additional 129 shares in the last quarter. Modera Wealth Management LLC increased its holdings in Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after buying an additional 137 shares during the last quarter. Center for Financial Planning Inc. raised its position in Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after acquiring an additional 138 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Fidelity National Information Services by 5.4% in the fourth quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider's stock valued at $228,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $0.44 during mid-day trading on Friday, reaching $78.36. The company had a trading volume of 3,409,715 shares, compared to its average volume of 3,513,339. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08. The business's 50-day simple moving average is $73.85 and its 200 day simple moving average is $78.63. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. 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 - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm earned $1.33 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services's payout ratio is 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FIS has been the subject of several recent analyst reports. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Barclays dropped their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

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.