Howard Capital Management Inc. Buys 267 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Howard Capital Management Inc. raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,791 shares of the information technology services provider’s stock after purchasing an additional 267 shares during the period. Howard Capital Management Inc.’s holdings in Fidelity National Information Services were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in Fidelity National Information Services during the third quarter worth $28,000. R Squared Ltd acquired a new position in Fidelity National Information Services during the fourth quarter worth $30,000. Concord Wealth Partners boosted its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter worth $37,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $69.32 on Wednesday. The firm has a market cap of $36.72 billion, a PE ratio of 26.56, a PEG ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12 month low of $62.63 and a 12 month high of $91.98. The stock has a 50 day moving average of $78.14 and a 200 day moving average of $82.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business earned $0.94 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.31%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIS. UBS Group reduced their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $87.36.

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.