Godsey & Gibb Inc. Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Godsey & Gibb Inc. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,886 shares of the information technology services provider’s stock, valued at approximately $264,000.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Vanguard Group Inc. now owns 50,616,061 shares of the information technology services provider’s stock worth $3,825,056,000 after buying an additional 395,342 shares in the last quarter. FMR LLC increased its holdings in Fidelity National Information Services by 15.0% in the second quarter. FMR LLC now owns 10,076,950 shares of the information technology services provider’s stock valued at $923,754,000 after purchasing an additional 1,311,766 shares during the period. Goldman Sachs Group Inc. increased its holdings in Fidelity National Information Services by 18.9% in the second quarter. Goldman Sachs Group Inc. now owns 8,668,569 shares of the information technology services provider’s stock valued at $794,647,000 after purchasing an additional 1,380,495 shares during the period. Northern Trust Corp increased its holdings in Fidelity National Information Services by 12.3% in the second quarter. Northern Trust Corp now owns 6,841,553 shares of the information technology services provider’s stock valued at $627,166,000 after purchasing an additional 747,909 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Fidelity National Information Services by 12.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,491,575 shares of the information technology services provider’s stock valued at $490,569,000 after purchasing an additional 695,648 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 1.6 %

NYSE FIS traded down $0.80 during trading hours on Friday, hitting $49.17. The company’s stock had a trading volume of 2,612,476 shares, compared to its average volume of 6,559,912. Fidelity National Information Services, Inc. has a 52 week low of $48.57 and a 52 week high of $106.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50-day simple moving average is $66.27 and its two-hundred day simple moving average is $70.99.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The information technology services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.70 by $0.01. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.69 billion. Fidelity National Information Services had a negative net margin of 115.07% and a positive return on equity of 9.71%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.88 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 Friday, March 24th. Shareholders of record on Friday, March 10th will be paid a $0.52 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, March 9th. This represents a $2.08 annualized dividend and a yield of 4.23%. Fidelity National Information Services’s dividend payout ratio (DPR) is -7.37%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, CFO Erik D. Hoag sold 5,658 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total value of $361,433.04. Following the completion of the sale, the chief financial officer now owns 16,368 shares in the company, valued at approximately $1,045,587.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Erik D. Hoag sold 5,658 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total transaction of $361,433.04. Following the completion of the sale, the chief financial officer now owns 16,368 shares in the company, valued at approximately $1,045,587.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey E. Stiefler purchased 2,243 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were bought at an average price of $66.88 per share, with a total value of $150,011.84. Following the purchase, the director now owns 3,343 shares in the company, valued at $223,579.84. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of a number of recent research reports. UBS Group decreased their price objective on Fidelity National Information Services from $86.00 to $78.00 in a report on Tuesday, February 14th. Mizuho decreased their price objective on Fidelity National Information Services from $90.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Robert W. Baird decreased their price target on Fidelity National Information Services from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Finally, Keefe, Bruyette & Woods upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.91.

About Fidelity National Information Services

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.

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