Alpha Cubed Investments LLC Buys 14,210 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Alpha Cubed Investments LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,841 shares of the information technology services provider’s stock after acquiring an additional 14,210 shares during the period. Alpha Cubed Investments LLC’s holdings in Fidelity National Information Services were worth $18,412,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIS. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $37,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $84.34 on Tuesday. The stock has a market cap of $46.91 billion, a price-to-earnings ratio of -8.24, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $85.63. The stock’s 50-day moving average is $80.76 and its 200 day moving average is $76.58.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The company 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%. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.55 EPS. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIS shares. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. TD Cowen upped their target price 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. Susquehanna upped their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley lowered 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. Ten 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Activity at Fidelity National Information Services

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