Cullen Investment Group LTD. Has $3.95 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Investment Group LTD. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,943 shares of the information technology services provider's stock after acquiring an additional 10,331 shares during the period. Cullen Investment Group LTD.'s holdings in Fidelity National Information Services were worth $3,954,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $347,000. Exchange Traded Concepts LLC grew its holdings in Fidelity National Information Services by 31.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,177 shares of the information technology services provider's stock valued at $95,000 after purchasing an additional 279 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Fidelity National Information Services by 2.5% in the 4th quarter. Fifth Third Bancorp now owns 15,445 shares of the information technology services provider's stock worth $1,247,000 after acquiring an additional 371 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $267,000. Finally, PFG Investments LLC increased its stake in shares of Fidelity National Information Services by 18.1% in the fourth quarter. PFG Investments LLC now owns 3,998 shares of the information technology services provider's stock valued at $323,000 after buying an additional 613 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.9%

Shares of Fidelity National Information Services stock traded down $1.48 during mid-day trading on Monday, hitting $78.13. The stock had a trading volume of 1,410,540 shares, compared to its average volume of 3,462,969. The firm has a 50-day moving average of $76.05 and a two-hundred day moving average of $77.61. 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, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market cap of $41.05 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data 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. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $1.33 EPS. The company's revenue was up 2.6% on a year-over-year basis. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was bought 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 approximately $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Oppenheimer raised 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. Barclays decreased their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.75.

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.