Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,317 shares of the information technology services provider’s stock after purchasing an additional 1,182 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Fidelity National Information Services were worth $5,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. APG Asset Management N.V. boosted its holdings in shares of Fidelity National Information Services by 207.8% in the second quarter. APG Asset Management N.V. now owns 74,945 shares of the information technology services provider’s stock valued at $5,270,000 after acquiring an additional 50,600 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $258,000. Dark Forest Capital Management LP bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $223,000. MBB Public Markets I LLC lifted its holdings in shares of Fidelity National Information Services by 810.2% in the second quarter. MBB Public Markets I LLC now owns 41,349 shares of the information technology services provider’s stock valued at $3,116,000 after buying an additional 36,806 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Fidelity National Information Services by 409.5% during the second quarter. Mackenzie Financial Corp now owns 429,092 shares of the information technology services provider’s stock worth $32,336,000 after acquiring an additional 344,869 shares during the period. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research analyst reports. Compass Point initiated coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. Finally, Morgan Stanley upped their target price on 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $79.24 on Monday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The business’s 50-day moving average price is $82.18 and its two-hundred day moving average price is $82.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $42.66 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04.

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

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 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.