Valley Brook Capital Group Purchases Shares of 402 Fidelity National Information Services, Inc. (NYSE:FIS)

Valley Brook Capital Group purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 402 shares of the information technology services provider’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FIS. Vantage Consulting Group Inc bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $25,000. Fieldpoint Private Securities LLC bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $27,000. Concord Wealth Partners bought a new position in shares of Fidelity National Information Services in the fourth quarter worth approximately $27,000. Dimension Capital Management LLC bought a new position in shares of Fidelity National Information Services in the third quarter worth approximately $31,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Fidelity National Information Services by 990.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 229 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

In other news, CEO Gary Norcross sold 130,360 shares of Fidelity National Information Services stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $144.70, for a total value of $18,863,092.00. Also, insider Asif Ramji sold 29,992 shares of Fidelity National Information Services stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total value of $4,148,493.44. In the last ninety days, insiders sold 239,483 shares of company stock valued at $34,112,873. 0.70% of the stock is owned by insiders.

Several brokerages have recently issued reports on FIS. Rosenblatt Securities raised their target price on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 10th. Raymond James raised their target price on shares of Fidelity National Information Services from $166.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 10th. Sanford C. Bernstein restated a “market perform” rating on shares of Fidelity National Information Services in a report on Wednesday, January 27th. TheStreet upgraded shares of Fidelity National Information Services from a “c” rating to a “b-” rating in a report on Friday, March 12th. Finally, Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Wednesday, January 27th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $159.04.

Shares of Fidelity National Information Services stock opened at $146.88 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $91.23 billion, a P/E ratio of -816.00, a P/E/G ratio of 1.32 and a beta of 0.81. The business has a fifty day simple moving average of $141.22 and a two-hundred day simple moving average of $140.21. Fidelity National Information Services, Inc. has a 12 month low of $117.05 and a 12 month high of $156.73.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

Fidelity National Information Services declared that its board has initiated a stock repurchase program on Monday, February 1st that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.35. Fidelity National Information Services’s payout ratio is currently 27.81%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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