Atria Wealth Solutions Inc. Purchases 1,022 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Atria Wealth Solutions Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,928 shares of the information technology services provider’s stock after purchasing an additional 1,022 shares during the period. Atria Wealth Solutions Inc.’s holdings in Fidelity National Information Services were worth $640,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the third quarter worth $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. Groupama Asset Managment raised its position in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. TD Cowen increased their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $68.89 on Thursday. The firm has a market capitalization of $36.49 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.23 and a beta of 1.04. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $77.91 and its 200-day moving average price is $82.42. Fidelity National Information Services, Inc. has a 12 month low of $66.20 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the firm posted $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

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.