Everhart Financial Group Inc. Has $518,000 Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Everhart Financial Group Inc. decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,939 shares of the information technology services provider’s stock after selling 254 shares during the quarter. Everhart Financial Group Inc.’s holdings in Fidelity National Information Services were worth $518,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. RMR Wealth Builders boosted its stake in Fidelity National Information Services by 29.3% in the 1st quarter. RMR Wealth Builders now owns 21,140 shares of the information technology services provider’s stock valued at $1,579,000 after buying an additional 4,796 shares in the last quarter. CX Institutional boosted its stake in Fidelity National Information Services by 12.8% in the first quarter. CX Institutional now owns 6,177 shares of the information technology services provider’s stock worth $461,000 after purchasing an additional 700 shares in the last quarter. MV Capital Management Inc. boosted its stake in Fidelity National Information Services by 34.1% in the first quarter. MV Capital Management Inc. now owns 3,383 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 861 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Fidelity National Information Services by 4.7% in the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 147 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 93.3% in the first quarter. SG Americas Securities LLC now owns 31,071 shares of the information technology services provider’s stock worth $2,320,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Down 1.9%

NYSE FIS opened at $79.29 on Friday. The stock has a 50-day simple moving average of $77.56 and a 200 day simple moving average of $77.34. The company has a market capitalization of $41.66 billion, a PE ratio of 30.38, a P/E/G ratio of 1.23 and a beta of 1.06. 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 released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird boosted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th. Barclays reduced their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Stephens boosted their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.75.

About Fidelity National Information Services

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.