Prospector Partners LLC Purchases 377 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Prospector Partners LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,799 shares of the information technology services provider’s stock after buying an additional 377 shares during the quarter. Prospector Partners LLC’s holdings in Fidelity National Information Services were worth $12,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $30,000. Groupama Asset Managment increased its holdings in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares during the period. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $40,000. Finally, Grove Bank & Trust increased its stake in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $69.90 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $73.84 and a 200 day moving average of $80.75.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.94 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Barclays lowered their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. 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 investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.05.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by 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.