Azzad Asset Management Inc. ADV Makes New $570,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Azzad Asset Management Inc. ADV bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,811 shares of the information technology services provider’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in Fidelity National Information Services by 18.3% in the third quarter. GAMMA Investing LLC now owns 11,868 shares of the information technology services provider’s stock worth $994,000 after purchasing an additional 1,838 shares during the period. Czech National Bank grew its position in shares of Fidelity National Information Services by 4.8% during the 3rd quarter. Czech National Bank now owns 111,137 shares of the information technology services provider’s stock worth $9,308,000 after buying an additional 5,138 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Fidelity National Information Services by 11.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 192,609 shares of the information technology services provider’s stock worth $16,131,000 after buying an additional 19,983 shares in the last quarter. Cullen Investment Group LTD. bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $3,138,000. Finally, Abacus Planning Group Inc. bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 1.9 %

Shares of NYSE:FIS 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 stock has a market cap of $47.79 billion, a price-to-earnings ratio of -8.40, a PEG ratio of 0.83 and a beta of 1.08. 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 business has a 50-day moving average price of $80.94 and a 200-day moving average price of $76.66.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIS. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. TD Cowen increased their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on 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. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

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.