EdgeRock Capital LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 471 shares of the information technology services provider’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $25,000. Baystate Wealth Management LLC raised its stake in shares of Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 372 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $40,000. Finally, ORG Partners LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.3 %

NYSE FIS traded down $0.26 on Wednesday, reaching $74.05. The stock had a trading volume of 5,420,379 shares, compared to its average volume of 4,481,281. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $75.71. The stock has a fifty day moving average price of $70.79 and a two-hundred day moving average price of $62.91. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of -6.59, a P/E/G ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Susquehanna lifted their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday. TD Cowen lifted their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Robert W. Baird upped their price objective on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $76.79.

About Fidelity National Information Services

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.