Ethic Inc. Has $6.66 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Ethic Inc. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,402 shares of the information technology services provider's stock after buying an additional 9,369 shares during the quarter. Ethic Inc.'s holdings in Fidelity National Information Services were worth $6,656,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT increased its holdings in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC increased 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 worth $480,000 after purchasing an additional 129 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after purchasing an additional 137 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after buying an additional 138 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Fidelity National Information Services by 5.4% in the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider's stock worth $228,000 after buying an additional 144 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FIS. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Wells Fargo & Company cut their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays decreased 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 report on Tuesday, February 18th. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 0.6 %

Shares of NYSE FIS opened at $78.36 on Friday. The stock has a market capitalization of $41.20 billion, a P/E ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The firm's 50 day simple moving average is $73.85 and its two-hundred day simple moving average is $78.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.33 EPS. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders 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 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

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.

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