Bryn Mawr Capital Management LLC Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Bryn Mawr Capital Management LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,241 shares of the information technology services provider’s stock after buying an additional 3,538 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Fidelity National Information Services were worth $746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Heck Capital Advisors LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $2,593,000. Avanza Fonder AB acquired a new position in Fidelity National Information Services during the 4th quarter worth $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $2,313,000. CENTRAL TRUST Co grew its holdings in Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after acquiring an additional 10,452 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $347,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. UBS Group decreased their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, TD Cowen lifted their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.36.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

FIS stock opened at $69.95 on Friday. The company has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04. The company has a 50-day simple moving average of $78.69 and a 200 day simple moving average of $82.54. Fidelity National Information Services, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the company earned $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 55.17%.

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.