Sanctuary Advisors LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Sanctuary Advisors LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 95,883 shares of the information technology services provider’s stock, valued at approximately $6,673,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Cadence Bank lifted its position in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after purchasing an additional 132 shares during the period. Manchester Capital Management LLC raised its stake in Fidelity National Information Services by 6.8% during the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after buying an additional 143 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after buying an additional 148 shares during the period. Moody National Bank Trust Division boosted its position in Fidelity National Information Services by 2.4% during the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 169 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Fidelity National Information Services by 1.8% during the 2nd quarter. Coldstream Capital Management Inc. now owns 10,194 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 184 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $47.08 billion, a PE ratio of -8.27, a PEG ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63. The stock’s fifty day moving average price is $80.76 and its two-hundred day moving average price is $76.49.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Bank of America lifted their price target on shares of 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. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday. They set a “market perform” rating on the stock. Finally, Susquehanna boosted their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Company 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.