Veracity Capital LLC Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Veracity Capital LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 31.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,982 shares of the information technology services provider's stock after purchasing an additional 4,312 shares during the quarter. Veracity Capital LLC's holdings in Fidelity National Information Services were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FIS. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services during the 4th quarter worth approximately $451,458,000. Csenge Advisory Group increased its holdings in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after buying an additional 4,134 shares in the last quarter. WealthShield Partners LLC lifted its stake in shares of Fidelity National Information Services by 27.4% in the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider's stock valued at $2,221,000 after acquiring an additional 5,913 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $347,000. Finally, DnB Asset Management AS increased its holdings in Fidelity National Information Services by 92.9% in the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after purchasing an additional 88,875 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $0.14 during mid-day trading on Thursday, reaching $80.48. The stock had a trading volume of 2,229,621 shares, compared to its average volume of 3,465,626. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $76.37 and a two-hundred day moving average price of $77.59. The stock has a market capitalization of $42.28 billion, a P/E ratio of 30.84, a P/E/G 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 (EPS) 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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The firm's revenue was up 2.6% on a year-over-year basis. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FIS shares. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird raised their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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.