Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Johnson Financial Group Inc.

Johnson Financial Group Inc. boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 83.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,655 shares of the information technology services provider’s stock after purchasing an additional 3,023 shares during the quarter. Johnson Financial Group Inc.’s holdings in Fidelity National Information Services were worth $400,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Fidelity National Information Services by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after purchasing an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $1,244,000. Quest Partners LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $653,000. Korea Investment CORP increased its stake in Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after purchasing an additional 11,181 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at $752,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIS. Robert W. Baird upped their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Morgan Stanley upped their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Thursday, April 11th. Finally, TD Cowen upped their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.11.

Fidelity National Information Services Stock Up 1.9 %

FIS traded up $1.48 during trading hours on Friday, hitting $77.79. The company’s stock had a trading volume of 2,949,625 shares, compared to its average volume of 4,453,581. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $72.72 and a 200 day simple moving average of $65.25.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Fidelity National Information Services announced that its Board of Directors has approved a stock buyback program on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.