Tocqueville Asset Management L.P. Boosts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Tocqueville Asset Management L.P. lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,051 shares of the information technology services provider’s stock after buying an additional 1,902 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Fidelity National Information Services were worth $2,185,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $40,000. Finally, Grove Bank & Trust boosted its stake in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley decreased their price target on shares of 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. Finally, BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Trading Up 1.4 %

Shares of FIS opened at $73.24 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm has a 50 day moving average price of $75.03 and a 200-day moving average price of $81.57. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.94 EPS. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.18%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.