City National Bank of Florida MSD Makes New $277,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

City National Bank of Florida MSD acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,434 shares of the information technology services provider's stock, valued at approximately $277,000.

Several other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $30,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. CoreCap Advisors LLC raised its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares during the period. Sound Income Strategies LLC raised its position in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after buying an additional 250 shares during the period. Finally, Avion Wealth raised its position in Fidelity National Information Services by 503.0% during the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock valued at $49,000 after buying an additional 508 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.99 during trading hours on Tuesday, reaching $79.21. The company's stock had a trading volume of 590,211 shares, compared to its average volume of 3,477,467. The firm's 50 day simple moving average is $75.62 and its 200-day simple moving average is $77.86. The company has a market capitalization of $41.61 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is 105.96%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Barclays decreased their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. UBS Group boosted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Compass Point cut their price objective on 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

About Fidelity National Information Services

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.