Raymond James Financial Inc. Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Raymond James Financial Inc. acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,589,431 shares of the information technology services provider’s stock, valued at approximately $451,458,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% in 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 in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.3 %

NYSE:FIS opened at $69.67 on Thursday. Fidelity National Information Services, Inc. has a one year low of $66.72 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $36.91 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.23 and a beta of 1.11. The firm has a 50-day simple moving average of $76.80 and a 200-day simple moving average of $82.16.

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

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent analyst reports. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. UBS Group dropped their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $88.65.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Company 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.