Crossmark Global Holdings Inc. Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Crossmark Global Holdings Inc. raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,414 shares of the information technology services provider’s stock after acquiring an additional 3,038 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fidelity National Information Services were worth $4,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. American Century Companies Inc. increased its position in Fidelity National Information Services by 94.7% during the 2nd quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock worth $5,803,000 after purchasing an additional 37,459 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Fidelity National Information Services by 520.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 3,012 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Fidelity National Information Services by 19,522.2% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,532 shares of the information technology services provider’s stock valued at $266,000 after acquiring an additional 3,514 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $3,534,000. Finally, EverSource Wealth Advisors LLC boosted its position in Fidelity National Information Services by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,406 shares of the information technology services provider’s stock worth $262,000 after purchasing an additional 241 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FIS shares. Stephens boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.4 %

Shares of NYSE:FIS opened at $78.58 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $59.90 and a twelve month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $42.30 billion, a P/E ratio of 31.30, a P/E/G ratio of 0.60 and a beta of 1.04. The company has a 50 day moving average of $82.75 and a 200-day moving average of $82.39.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. Fidelity National Information Services’s payout ratio is currently 57.37%.

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.