Summit Trail Advisors LLC Purchases 862 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Summit Trail Advisors LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 23.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,484 shares of the information technology services provider’s stock after purchasing an additional 862 shares during the period. Summit Trail Advisors LLC’s holdings in Fidelity National Information Services were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 1st quarter worth approximately $29,000. Family Firm Inc. acquired a new position in Fidelity National Information Services in the second quarter worth $35,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the second quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at $37,000. Finally, LRI Investments LLC bought a new position in shares of Fidelity National Information Services in the first quarter valued at about $46,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen raised their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Barclays upped their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Bank of America lifted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Trading Up 0.4 %

Shares of NYSE FIS opened at $84.39 on Tuesday. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $85.63. The stock has a market cap of $46.94 billion, a price-to-earnings ratio of -8.25, a P/E/G ratio of 0.82 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $79.36 and its 200-day moving average is $75.69.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.