386 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Rise Advisors LLC

Rise Advisors LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 386 shares of the information technology services provider’s stock, valued at approximately $29,000.

Several other institutional investors have also recently bought and sold shares of the stock. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $29,000. Delta Asset Management LLC TN raised its position in shares of Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $35,000. Criterion Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $40,000. Finally, ORG Partners LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $48,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.7 %

Fidelity National Information Services stock opened at $76.49 on Friday. The firm has a 50-day moving average of $74.26 and a 200-day moving average of $68.00. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $42.55 billion, a price-to-earnings ratio of -7.48, a P/E/G ratio of 0.79 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $1.29 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. Fidelity National Information Services’s payout ratio is -14.08%.

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. TD Cowen upped their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. BNP Paribas cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report on Thursday, April 11th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective for the company. Finally, Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.32.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.