Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,165 shares of the information technology services provider’s stock after buying an additional 1,322 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Fidelity National Information Services were worth $2,238,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $29,000. Delta Asset Management LLC TN grew its position in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 450 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at $35,000. Criterion Capital Advisors LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $40,000. Finally, ORG Partners LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $48,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 1.2 %

Shares of NYSE FIS traded up $0.93 during mid-day trading on Wednesday, hitting $77.05. The company’s stock had a trading volume of 4,624,539 shares, compared to its average volume of 3,653,366. The company’s fifty day simple moving average is $74.08 and its 200-day simple moving average is $67.87. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its board has authorized a share repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research analyst reports. Barclays upped their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target for the company. UBS Group lifted their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Mizuho increased their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley lifted their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.32.

Read Our Latest Stock Analysis on FIS

Fidelity National Information Services Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FISFree Report).

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.