Oppenheimer Asset Management Inc. Boosts Position in Fidelity National Information Services, Inc. $FIS

Oppenheimer Asset Management Inc. boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,748 shares of the information technology services provider’s stock after purchasing an additional 11,275 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Information Services were worth $4,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FIS. AGF Management Ltd. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $3,096,000. Independent Advisor Alliance increased its holdings in shares of Fidelity National Information Services by 177.8% in the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock valued at $2,637,000 after purchasing an additional 25,593 shares during the period. LBP AM SA raised its stake in shares of Fidelity National Information Services by 1,777.2% during the third quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after purchasing an additional 69,096 shares during the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $624,858,000. Finally, Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIS. Cantor Fitzgerald started coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Compass Point dropped their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. Finally, Stephens cut their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $79.17.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $48.33 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a one year low of $48.29 and a one year high of $82.74. The company has a fifty day moving average price of $62.39 and a 200 day moving average price of $65.92. The stock has a market cap of $25.03 billion, a P/E ratio of 179.00, a PEG ratio of 0.75 and a beta of 0.90.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a $0.44 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.