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

Atria Wealth Solutions Inc. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,928 shares of the information technology services provider’s stock after purchasing an additional 1,022 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Fidelity National Information Services were worth $640,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FIS. Allspring Global Investments Holdings LLC grew its stake in shares of Fidelity National Information Services by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock valued at $2,362,000 after buying an additional 1,620 shares during the period. International Assets Investment Management LLC boosted its holdings in Fidelity National Information Services by 6,330.3% in the third quarter. International Assets Investment Management LLC now owns 20,770 shares of the information technology services provider’s stock worth $17,390,000 after acquiring an additional 20,447 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Fidelity National Information Services by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock valued at $1,683,000 after acquiring an additional 412 shares during the period. Allworth Financial LP increased its holdings in shares of Fidelity National Information Services by 10.4% during the third quarter. Allworth Financial LP now owns 2,229 shares of the information technology services provider’s stock valued at $187,000 after acquiring an additional 210 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity National Information Services by 13.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 100,446 shares of the information technology services provider’s stock worth $8,412,000 after purchasing an additional 11,932 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.6 %

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

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm earned $0.94 EPS. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. 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. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FIS shares. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. UBS Group reduced their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Mizuho lifted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Barclays lowered their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.36.

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.