Cullen Investment Group LTD. Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Investment Group LTD. acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, Holdings Channel reports. The fund acquired 37,466 shares of the information technology services provider’s stock, valued at approximately $3,138,000.

Other hedge funds also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the second quarter worth about $1,253,000. SG Americas Securities LLC lifted its stake in Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Fidelity National Information Services by 27.4% during the first quarter. First Hawaiian Bank now owns 58,091 shares of the information technology services provider’s stock worth $4,309,000 after buying an additional 12,509 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its holdings in shares of Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $0.92 during trading hours on Friday, reaching $84.63. The stock had a trading volume of 2,108,605 shares, compared to its average volume of 3,847,924. The firm has a market cap of $47.08 billion, a price-to-earnings ratio of -8.27, a PEG ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The firm has a 50-day moving average of $80.76 and a 200-day moving average of $76.49. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Barclays raised their price target on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Oppenheimer assumed coverage on Fidelity National Information Services in a research report on Tuesday. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, TD Cowen lifted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at $750,510.51. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services 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.