HF Advisory Group LLC Acquires 2,324 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

HF Advisory Group LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,357 shares of the information technology services provider’s stock after buying an additional 2,324 shares during the period. HF Advisory Group LLC’s holdings in Fidelity National Information Services were worth $862,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors Inc. lifted its position in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock worth $756,000 after buying an additional 111 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Fidelity National Information Services by 3.8% in the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 112 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 203 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Fidelity National Information Services by 14.4% in the 3rd quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after buying an additional 206 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.6 %

Fidelity National Information Services stock traded up $0.45 during mid-day trading on Thursday, reaching $70.80. 353,982 shares of the company traded hands, compared to its average volume of 4,398,717. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $74.75. The firm’s 50 day moving average price is $68.87 and its 200 day moving average price is $61.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business earned $1.71 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

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

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FIS shares. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Morgan Stanley boosted their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Mizuho raised their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target for the company. Finally, Robert W. Baird downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a research note on Wednesday, March 13th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.59.

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.