Wealth Enhancement Advisory Services LLC Purchases 1,417 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,718 shares of the information technology services provider’s stock after buying an additional 1,417 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Information Services were worth $7,620,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $29,000. Rise Advisors LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at $29,000. Delta Asset Management LLC TN lifted its stake in shares of Fidelity National Information Services by 600.0% during the fourth 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 period. BKM Wealth Management LLC acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $35,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $40,000. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FIS. 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. Royal Bank of Canada upped their price target on Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Evercore ISI lifted their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Stephens reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $75.36 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The stock has a 50 day moving average of $74.82 and a 200-day moving average of $68.80. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $41.92 billion, a P/E ratio of -7.37, a P/E/G ratio of 0.77 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.91%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

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.