Johnson Financial Group Inc. Acquires 3,023 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Johnson Financial Group Inc. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 83.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,655 shares of the information technology services provider’s stock after acquiring an additional 3,023 shares during the period. Johnson Financial Group Inc.’s holdings in Fidelity National Information Services were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FIS. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth $478,594,000. Vanguard Group Inc. increased its stake in Fidelity National Information Services by 12.7% during the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after acquiring an additional 6,503,451 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $206,507,000. Lazard Asset Management LLC boosted its holdings in shares of Fidelity National Information Services by 660.0% in the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock worth $183,944,000 after purchasing an additional 2,890,185 shares during the period. Finally, London Co. of Virginia increased its position in shares of Fidelity National Information Services by 59.4% during the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock valued at $390,731,000 after purchasing an additional 2,633,196 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now 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 this link. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group began 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 objective for the company. Barclays upped their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Evercore ISI upped their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Finally, UBS Group upped their price objective 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. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.11.

Check Out Our Latest Research Report on Fidelity National Information Services

Fidelity National Information Services Price Performance

NYSE:FIS traded up $1.48 during midday trading on Friday, hitting $77.79. The company’s stock had a trading volume of 2,949,625 shares, compared to its average volume of 4,453,581. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The firm’s 50 day moving average is $72.72 and its 200-day moving average is $65.25.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a share 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 repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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 given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Fidelity National Information Services Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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