Nisa Investment Advisors LLC Increases Holding in Fidelity National Information Services, Inc. (NYSE:FIS)

Nisa Investment Advisors LLC increased its stake in Fidelity National Information Services, Inc. (NYSE: FIS – Get Rating) by 9.9% in the fourth quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company owned 165,185 shares of the information technology service provider after purchasing an additional 14,924 shares during the period. Nisa Investment Advisors LLC’s Fidelity National Information Services holdings were valued at $11,208,000 as of the most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares in the company. Vanguard Group Inc. increased his Fidelity National Information Services stock position by 0.8% in the third quarter. Vanguard Group Inc. now owns 50,616,061 shares of an information technology service provider worth $3,825,056,000 after purchasing an additional 395,342 shares in the previous quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Fidelity National Information Services stock by 12.0% in the third quarter. After acquiring an additional 695,648 shares during this period, Barrow Hanley Mewhinney & Strauss LLC now owns 6,491,575 shares of the Information Technology Services Provider valued at $490,569,000. Nuveen Asset Management LLC increased its position in Fidelity National Information Services stock by 4.0% in the third quarter. After acquiring an additional 246,537 shares during this period, Nuveen Asset Management LLC now owns 6,399,413 shares of the Information Technology Services Provider valued at $483,603,000. Bank of New York Mellon Corp increased its position in Fidelity National Information Services stock by 2.8% in the third quarter. After acquiring an additional 147,367 shares during this period, Bank of New York Mellon Corp now owns 5,351,553 shares of the information technology service provider valued at $44416,000. Finally, Macquarie Group Ltd. increased its position in the stock of Fidelity National Information Services by 2.7% in the third quarter. Macquarie Group Ltd. now owns 5,294,424 shares, valued at $40,099,000, in the information technology service provider after acquiring an additional 138,920 shares during this period. Hedge funds and other institutional investors own 90.25% of the company’s shares.

Fidelity National Information Service stock performance

NYSE FIS shares opened Friday at $56.28. Fidelity National Information Services, Inc. hit a one-year low of $48.57 and a one-year high of $106.65. The company has an equity ratio of 0.52, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day simple moving average of $58.53 and a 200-day simple moving average of $66.88.

Fidelity National Information Service (NYSE:FIS – Get Rating) announced its final results on Monday, February 13th. The information technology service provider reported his earnings per share of $1.71 for the quarter, beating consensus expectations of $1.70 by $0.01. Fidelity National Information Services had a net profit margin of 115.07% and a return on equity of 9.71%. The company’s revenue for the quarter was $3.71 billion, compared to consensus expectations of $3.69 billion. During the same quarter last year, the company earned his EPS of $1.92. The company’s quarterly earnings increased he 1.1% year-over-year. On average, analysts expect Fidelity National Information Services, Inc. to post 5.87 EPS this year.

Fidelity National Information Service Announces Dividend

The company also recently announced a quarterly dividend payable on Friday, June 23rd. Shareholders of record on Friday, June 9 will receive a dividend of $0.52 per share. This represents his $2.08 dividend and his 3.70% dividend yield on an annualized basis. Fidelity National Information Services’ dividend payout ratio (DPR) is currently -7.37%.

Analyst sets new price target

Several equity analysts recently published reports on the company. StockNews.com upgraded Fidelity National Information Services’ rating from ‘sell’ to ‘pending’ in a research report on Thursday. Credit Suisse Group downgraded Fidelity National Information Services from an “outperform” rating to “neutral” and lowered its price target to $75.00 from $85.00 in a research report on Tuesday, February 14. Raymond James lowered his price target for Fidelity National Information Services from $86.00 to $83.00 and set a “strong buy” rating in his Tuesday, Feb. 14 research report. Robert W. Baird lowered his price target for Fidelity National Information Services from $84.00 to $80.00 and set an “Outperform” rating on the stock in a research report on Tuesday, Feb. 14. Finally, Morgan Stanley upgraded Fidelity National Information Services from an “equal-weight” rating to an “overweight” rating in his Tuesday, Feb. 14 research report, and raised its price target from $73.00 to $79.00. raised to One equity research analyst gave the stock a sell rating, 11 assigned a hold rating, 11 gave a buy rating, and 1 assigned a strong buy rating to the stock. Based on MarketBeat data, Fidelity National Information Services has an average rating of “moderate buy” with a consensus price target of $89.48.

Insider Trading at Fidelity National Information Services

In other news, CFO Erik D. Hoag sold 5,658 shares of Fidelity National Information Services on Tuesday, March 7. The shares sold for an average of $63.88, and the total trading value he had was $361,433.04. Following the closing of the sale, the Chief Financial Officer now directly owns 16,368 shares of the Company’s stock valued at approximately $1,045,587.84. The transaction is disclosed in SEC filings and is available on the SEC’s website. In related news, Director Jeffrey A. Goldstein purchased 958 shares of Fidelity National Information Service in a transaction that took place on Monday, April 17th. Shares were purchased at an average price of $57.24 per share for a total of $54,835.92. Following the closing of the transaction, the directors now own 5,404 shares of the company directly, valued at $309,324.96. The acquisition is disclosed in filings with the Securities and Exchange Commission, available at this link. CFO Erik D. Hoag also sold 5,658 shares of Fidelity National Information Services on Tuesday, March 7. The shares sold for an average of $63.88, and the total trading value he had was $361,433.04. Following the closing of the transaction, the Chief Financial Officer now owns 16,368 of his shares valued at $1,045,587.84. Please see here for the disclosure of this sale. A corporate insider owns his 0.68% of the company’s shares.

About Fidelity National Information Service

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Fidelity National Information Services, Inc is committed to providing technology solutions for financial institutions and businesses. It operates through banking, merchant, capital markets, corporate and other segments. The Banking segment is focused on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.

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