Ashton Thomas Private Wealth LLC Purchases New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Ashton Thomas Private Wealth LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,243 shares of the information technology services provider’s stock, valued at approximately $94,000.

A number of other institutional investors have also made changes to their positions in FIS. Vanguard Group Inc. raised its holdings in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $478,594,000. Lyrical Asset Management LP acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $260,316,000. Boston Partners increased its position in Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the period. Finally, FIL Ltd increased its position in Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen lifted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays lifted their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $80.65.

Fidelity National Information Services Price Performance

Shares of FIS opened at $84.14 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50 day simple moving average of $78.22 and a 200 day simple moving average of $74.99. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $84.77. The firm has a market capitalization of $45.90 billion, a PE ratio of -8.22, a P/E/G ratio of 0.82 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

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.