Tower Research Capital LLC TRC Has $3.32 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Tower Research Capital LLC TRC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 45.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,079 shares of the information technology services provider’s stock after purchasing an additional 12,918 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Fidelity National Information Services were worth $3,318,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its position in shares of Fidelity National Information Services by 15.7% during the 4th quarter. MML Investors Services LLC now owns 41,186 shares of the information technology services provider’s stock valued at $3,327,000 after acquiring an additional 5,587 shares during the period. MetLife Investment Management LLC increased its stake in Fidelity National Information Services by 0.3% in the fourth quarter. MetLife Investment Management LLC now owns 142,626 shares of the information technology services provider’s stock valued at $11,520,000 after purchasing an additional 478 shares in the last quarter. Natixis boosted its position in shares of Fidelity National Information Services by 22.0% during the 4th quarter. Natixis now owns 96,135 shares of the information technology services provider’s stock worth $7,765,000 after purchasing an additional 17,336 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Fidelity National Information Services by 7.0% in the 4th quarter. Norinchukin Bank The now owns 23,763 shares of the information technology services provider’s stock valued at $1,919,000 after buying an additional 1,558 shares during the period. Finally, Capital Research Global Investors increased its position in Fidelity National Information Services by 3.8% in the 4th 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 buying an additional 1,082,929 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIS. Morgan Stanley cut their price target on 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. Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price objective 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. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, 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 report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $89.05.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 844 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $76.40 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day simple moving average of $71.47 and a two-hundred day simple moving average of $79.62. The company has a market capitalization of $40.47 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.