Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,332 shares of the information technology services provider’s stock after purchasing an additional 500 shares during the quarter. Apollon Wealth Management LLC’s holdings in Fidelity National Information Services were worth $511,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% in 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 acquired a new position in shares of Fidelity National Information Services in the 3rd quarter worth $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth $30,000. Groupama Asset Managment grew its holdings in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $70.41 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $61.62 and a fifty-two week high of $91.98. The business has a 50-day moving average of $80.83 and a two-hundred day moving average of $82.87. The stock has a market capitalization of $37.90 billion, a P/E ratio of 28.05, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the previous year, the company earned $0.94 earnings per share. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lifted their price target 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. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Stephens lowered their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company lowered their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $87.95.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.