Bryn Mawr Capital Management LLC Purchases 1,255 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bryn Mawr Capital Management LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 27.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,795 shares of the information technology services provider’s stock after buying an additional 1,255 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Fidelity National Information Services were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the third quarter valued at approximately $25,000. Baystate Wealth Management LLC raised its stake in Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $40,000. Finally, ORG Partners LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $48,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.2 %

NYSE:FIS opened at $69.60 on Friday. The firm’s fifty day simple moving average is $70.04 and its 200 day simple moving average is $61.95. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.71 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Fidelity National Information Services declared that its board has initiated a stock repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. UBS Group lifted their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research note on Thursday, February 29th. They set a “buy” rating and a $84.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.

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.