Verdence Capital Advisors LLC Has $1.38 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Verdence Capital Advisors LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 47.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,065 shares of the information technology services provider’s stock after buying an additional 5,497 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $1,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Larson Financial Group LLC lifted its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the 3rd quarter worth about $28,000. R Squared Ltd bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $30,000. Groupama Asset Managment raised its position in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services in the 3rd quarter worth about $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $69.67 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $66.72 and a twelve month high of $91.98. The stock’s 50 day moving average price is $76.80 and its 200-day moving average price is $82.16. The company has a market capitalization of $36.91 billion, a PE ratio of 26.69, a PEG ratio of 1.23 and a beta of 1.11. 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 announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the firm posted $0.94 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.30%. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIS. Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.65.

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.