Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Retirement Wealth Solutions LLC

Retirement Wealth Solutions LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,140 shares of the information technology services provider’s stock after acquiring an additional 146 shares during the period. Retirement Wealth Solutions LLC’s holdings in Fidelity National Information Services were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $2,593,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $451,458,000. Princeton Global Asset Management LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $2,313,000. Csenge Advisory Group lifted its stake in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after acquiring an additional 4,134 shares during the period. Finally, WealthShield Partners LLC lifted its stake in Fidelity National Information Services by 27.4% during the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock valued at $2,221,000 after acquiring an additional 5,913 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Compass Point decreased their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Oppenheimer raised Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $79.48 on Friday. The company has a market capitalization of $41.76 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.23 and a beta of 1.08. The business’s 50 day moving average is $76.05 and its two-hundred day moving average is $77.76. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $1.33 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

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.