Mount Yale Investment Advisors LLC Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Mount Yale Investment Advisors LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 68.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,951 shares of the information technology services provider’s stock after acquiring an additional 4,061 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FIS. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at about $29,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at approximately $37,000. Finally, LRI Investments LLC purchased a new position in Fidelity National Information Services in the first quarter worth approximately $46,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 0.4 %

Shares of NYSE:FIS opened at $84.39 on Tuesday. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $85.63. The company’s 50 day moving average is $79.36 and its two-hundred day moving average is $75.69. The company has a market cap of $46.94 billion, a PE ratio of -8.25, a P/E/G ratio of 0.82 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 (NYSE:FIS) last posted 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. 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.55 earnings per share. Equities analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FIS shares. Keefe, Bruyette & Woods lifted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Susquehanna boosted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. UBS Group increased their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Barclays boosted their target price on 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. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

About Fidelity National Information Services

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.