Level Four Advisory Services LLC Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Level Four Advisory Services LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,615 shares of the information technology services provider’s stock after buying an additional 4,141 shares during the quarter. Level Four Advisory Services LLC’s holdings in Fidelity National Information Services were worth $1,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PFS Investments Inc. increased its holdings in shares of Fidelity National Information Services by 12.1% during the fourth quarter. PFS Investments Inc. now owns 33,106 shares of the information technology services provider’s stock valued at $3,614,000 after acquiring an additional 3,574 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Fidelity National Information Services by 121.7% during the fourth quarter. Epoch Investment Partners Inc. now owns 434,098 shares of the information technology services provider’s stock valued at $47,382,000 after acquiring an additional 238,319 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Fidelity National Information Services by 18.5% during the fourth quarter. Mission Wealth Management LP now owns 2,607 shares of the information technology services provider’s stock valued at $285,000 after acquiring an additional 407 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth approximately $26,408,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Information Services by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,980,187 shares of the information technology services provider’s stock worth $325,288,000 after buying an additional 50,652 shares during the period. Hedge funds and other institutional investors own 89.51% of the company’s stock.

NYSE FIS traded up $2.51 during trading on Friday, hitting $99.68. The stock had a trading volume of 3,195,184 shares, compared to its average volume of 3,844,288. The company has a market capitalization of $60.88 billion, a PE ratio of 67.35, a PEG ratio of 0.98 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $99.08 and a 200 day moving average price of $104.82. Fidelity National Information Services, Inc. has a twelve month low of $85.00 and a twelve month high of $152.20.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. Fidelity National Information Services’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 7.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 9th. Fidelity National Information Services’s payout ratio is presently 127.03%.

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Fidelity National Information Services in a research note on Thursday, March 31st. They set a “hold” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday. They set a “buy” rating and a $128.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Fidelity National Information Services from $155.00 to $116.00 in a research report on Wednesday, April 20th. Finally, Mizuho decreased their target price on Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $136.96.

Fidelity National Information Services Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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