Toronto Dominion Bank lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,972 shares of the information technology services provider's stock after acquiring an additional 45,154 shares during the quarter. Toronto Dominion Bank's holdings in Fidelity National Information Services were worth $18,575,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of Fidelity National Information Services by 122.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,750 shares of the information technology services provider's stock valued at $3,614,000 after purchasing an additional 24,652 shares in the last quarter. Park Avenue Securities LLC grew its position in Fidelity National Information Services by 60.3% during the fourth quarter. Park Avenue Securities LLC now owns 8,989 shares of the information technology services provider's stock worth $726,000 after buying an additional 3,382 shares during the period. Merit Financial Group LLC increased its holdings in Fidelity National Information Services by 28.7% in the fourth quarter. Merit Financial Group LLC now owns 26,438 shares of the information technology services provider's stock valued at $2,135,000 after buying an additional 5,902 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Fidelity National Information Services by 23.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider's stock valued at $266,000 after acquiring an additional 625 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.
Fidelity National Information Services Stock Up 1.4%
Shares of FIS opened at $80.99 on Tuesday. 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's fifty day moving average is $74.94 and its two-hundred day moving average is $78.16. The firm has a market cap of $42.55 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. 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 issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.98%. Fidelity National Information Services's payout ratio is 105.96%.
Insider Buying and Selling at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
FIS has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Robert W. Baird lifted their target price on shares of 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. Finally, 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 report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.11.
Check Out Our Latest Stock Analysis on FIS
About Fidelity National Information Services
(
Free Report)
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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