Gilliland Jeter Wealth Management LLC Purchases New Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,655 shares of the information technology services provider’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. AE Wealth Management LLC increased its stake in Fidelity National Information Services by 34.5% during the third quarter. AE Wealth Management LLC now owns 11,680 shares of the information technology services provider’s stock valued at $646,000 after acquiring an additional 2,994 shares during the period. Caprock Group LLC grew its stake in shares of Fidelity National Information Services by 47.9% in the 3rd quarter. Caprock Group LLC now owns 9,050 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 2,933 shares during the period. Czech National Bank grew its stake in shares of Fidelity National Information Services by 47.7% in the 3rd quarter. Czech National Bank now owns 103,550 shares of the information technology services provider’s stock valued at $5,723,000 after purchasing an additional 33,418 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Fidelity National Information Services by 0.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 212,170 shares of the information technology services provider’s stock valued at $11,727,000 after purchasing an additional 600 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Fidelity National Information Services by 18.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 18,697 shares of the information technology services provider’s stock valued at $1,033,000 after purchasing an additional 2,935 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 1.2 %

Shares of FIS stock traded down $0.87 during trading hours on Friday, reaching $69.60. The company had a trading volume of 3,761,667 shares, compared to its average volume of 3,264,589. The company has a 50 day moving average of $70.04 and a 200 day moving average of $61.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback program on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -12.81%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FIS shares. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. UBS Group boosted their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. Finally, Truist Financial boosted their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $71.59.

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.