Anchor Investment Management LLC Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Anchor Investment Management LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1,240.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,756 shares of the information technology services provider’s stock after purchasing an additional 1,625 shares during the quarter. Anchor Investment Management LLC’s holdings in Fidelity National Information Services were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Blue Trust Inc. grew its holdings in Fidelity National Information Services by 153.2% during the second quarter. Blue Trust Inc. now owns 5,928 shares of the information technology services provider’s stock worth $440,000 after acquiring an additional 3,587 shares during the period. Brookstone Capital Management increased its holdings in Fidelity National Information Services by 4.2% in the 2nd quarter. Brookstone Capital Management now owns 95,283 shares of the information technology services provider’s stock worth $7,362,000 after acquiring an additional 3,832 shares in the last quarter. Raymond James & Associates raised its position in Fidelity National Information Services by 9.8% during the second quarter. Raymond James & Associates now owns 746,464 shares of the information technology services provider’s stock worth $56,253,000 after acquiring an additional 66,323 shares during the period. RBA Wealth Management LLC lifted its holdings in Fidelity National Information Services by 8.0% during the second quarter. RBA Wealth Management LLC now owns 50,735 shares of the information technology services provider’s stock valued at $3,823,000 after purchasing an additional 3,754 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 215,492 shares of the information technology services provider’s stock valued at $16,239,000 after purchasing an additional 883 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIS has been the topic of a number of research reports. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Susquehanna boosted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Bank of America lifted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, TD Cowen increased their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.10 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98. The stock has a market capitalization of $45.28 billion, a PE ratio of 33.51, a PEG ratio of 0.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day simple moving average of $87.29 and a 200-day simple moving average of $81.49.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.