Callan Family Office LLC Invests $268,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Callan Family Office LLC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,197 shares of the information technology services provider’s stock, valued at approximately $268,000.

Other large investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $1,253,000. SG Americas Securities LLC increased its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the last quarter. First Hawaiian Bank increased its stake in Fidelity National Information Services by 27.4% in the first quarter. First Hawaiian Bank now owns 58,091 shares of the information technology services provider’s stock valued at $4,309,000 after purchasing an additional 12,509 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its stake in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen increased 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 research note on Wednesday, August 7th. Barclays increased their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Susquehanna increased their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Ten 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares in the company, valued at $750,510.51. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Trading Up 1.9 %

Shares of FIS stock opened at $85.91 on Wednesday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $86.15. The stock has a market cap of $47.79 billion, a P/E ratio of -8.40, a P/E/G ratio of 0.83 and a beta of 1.08. The business has a fifty day simple moving average of $80.94 and a 200-day simple moving average of $76.66. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results 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. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

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.