Picton Mahoney Asset Management Purchases Shares of 1,427 Fidelity National Information Services, Inc. (NYSE:FIS)

Picton Mahoney Asset Management purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 1,427 shares of the information technology services provider’s stock, valued at approximately $86,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after buying an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $1,244,000. Korea Investment CORP increased its stake in shares of Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after buying an additional 11,181 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $1,076,000. Finally, Alpha Cubed Investments LLC increased its stake in shares of Fidelity National Information Services by 48.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after buying an additional 52,223 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. Wedbush restated an “outperform” rating and issued a $75.00 target price on shares of Fidelity National Information Services in a research note on Wednesday. Barclays lifted their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Mizuho lifted their price objective on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.11.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $73.71 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $75.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $41.39 billion, a P/E ratio of -7.21, a PEG ratio of 0.88 and a beta of 0.98. The business has a 50-day moving average of $70.93 and a 200-day moving average of $62.99.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the business posted $1.29 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services announced that its board has approved a stock buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

About Fidelity National Information Services

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.