Foundations Investment Advisors LLC Has $326,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Foundations Investment Advisors LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,890 shares of the information technology services provider’s stock after purchasing an additional 502 shares during the period. Foundations Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity National Information Services by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 102,718 shares of the information technology services provider’s stock valued at $7,620,000 after buying an additional 1,417 shares in the last quarter. BKM Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 50.2% in the 1st quarter. BKM Wealth Management LLC now owns 868 shares of the information technology services provider’s stock valued at $64,000 after purchasing an additional 290 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Fidelity National Information Services by 18.6% during the 1st quarter. AlphaMark Advisors LLC now owns 1,750 shares of the information technology services provider’s stock valued at $130,000 after purchasing an additional 275 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Fidelity National Information Services in the 1st quarter valued at approximately $1,608,000. Finally, Penbrook Management LLC boosted its position in Fidelity National Information Services by 5.1% in the first quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock valued at $306,000 after buying an additional 200 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America lifted their price target 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. Jefferies Financial Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Stock Down 0.7 %

Shares of NYSE FIS opened at $89.72 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $91.22. 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 firm has a market cap of $49.91 billion, a PE ratio of -8.77, a P/E/G ratio of 0.77 and a beta of 1.08. The company’s fifty day simple moving average is $84.13 and its 200 day simple moving average is $78.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.63% and a net margin of 7.72%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company 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.