Novem Group Takes $680,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Novem Group bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,418 shares of the information technology services provider's stock, valued at approximately $680,000.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $30,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. CoreCap Advisors LLC lifted its position in shares of 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 worth $46,000 after acquiring an additional 509 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of 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 worth $49,000 after acquiring an additional 250 shares in the last quarter. Finally, Avion Wealth increased its holdings in shares of Fidelity National Information Services by 503.0% in the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 508 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.0%

Shares of NYSE:FIS traded down $0.01 on Friday, reaching $78.33. 1,696,779 shares of the company traded hands, compared to its average volume of 3,488,912. The business's 50-day simple moving average is $75.54 and its 200 day simple moving average is $77.99. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The stock has a market capitalization of $41.15 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick 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 quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $1.33 earnings per share. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors 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 presently 105.96%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction on Tuesday, April 15th. The stock was acquired 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 directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FIS has been the topic of several research analyst reports. Barclays decreased their price target on shares of 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. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group upped their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Stephens upped their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.11.

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.