City National Bank of Florida MSD Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

City National Bank of Florida MSD acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, HoldingsChannel reports. The fund acquired 3,434 shares of the information technology services provider’s stock, valued at approximately $277,000.

Several other large investors have also made changes to their positions in FIS. Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth about $2,593,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $451,458,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services during the fourth quarter valued at approximately $2,313,000. Csenge Advisory Group grew its stake in Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after buying an additional 4,134 shares during the period. Finally, WealthShield Partners LLC increased its position in shares of Fidelity National Information Services by 27.4% in the fourth quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock worth $2,221,000 after acquiring an additional 5,913 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. Finally, Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Down 1.7%

NYSE:FIS opened at $79.21 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a 50-day simple moving average of $75.32 and a 200 day simple moving average of $78.19.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.33 EPS. Fidelity National Information Services’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.02%. Fidelity National Information Services’s payout ratio is 105.96%.

Fidelity National Information Services Company 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.