Burling Wealth Partners LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Burling Wealth Partners LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,761 shares of the information technology services provider’s stock, valued at approximately $546,000.

Several other large investors have also recently modified their holdings of the stock. Capital Research Global Investors increased its position in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after acquiring an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners grew its holdings in Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $635,202,000. Finally, Invesco Ltd. lifted its stake in Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock worth $611,682,000 after purchasing an additional 632,328 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank of Canada cut their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. UBS Group cut their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. TD Cowen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Monday. Morgan Stanley reduced 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 research note on Wednesday, February 12th. Finally, Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $89.29.

Fidelity National Information Services Trading Up 0.6 %

NYSE FIS opened at $79.88 on Friday. The firm has a market cap of $42.31 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $72.08 and a 200 day moving average price of $79.58.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 return on equity of 17.30% and a net margin of 14.54%. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is 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.