Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Lifted by Fulton Bank N.A.

Fulton Bank N.A. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,379 shares of the information technology services provider’s stock after acquiring an additional 564 shares during the quarter. Fulton Bank N.A.’s holdings in Fidelity National Information Services were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new stake in Fidelity National Information Services during the first quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the second quarter worth about $35,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FIS shares. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen raised their target price on 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. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Barclays lifted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of 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 analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at $750,510.51. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $85.91 on Wednesday. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $86.15. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $80.94 and its two-hundred day moving average price is $76.66. The stock has a market cap of $47.79 billion, a PE ratio of -8.40, a price-to-earnings-growth ratio of 0.83 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 business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend 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.