RMR Wealth Builders Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

RMR Wealth Builders lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 33.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,015 shares of the information technology services provider’s stock after purchasing an additional 2,781 shares during the period. RMR Wealth Builders’ holdings in Fidelity National Information Services were worth $662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FIS. Parkside Financial Bank & Trust grew its holdings in Fidelity National Information Services by 9.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 203 shares during the period. Allworth Financial LP increased its stake in shares of Fidelity National Information Services by 14.4% during the third quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after purchasing an additional 206 shares in the last quarter. First Business Financial Services Inc. raised its position in shares of Fidelity National Information Services by 4.4% during the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock worth $305,000 after purchasing an additional 230 shares during the last quarter. Blue Trust Inc. lifted its stake in Fidelity National Information Services by 7.5% in the 4th quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock valued at $218,000 after buying an additional 275 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC boosted its holdings in Fidelity National Information Services by 1.2% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 23,543 shares of the information technology services provider’s stock worth $1,414,000 after buying an additional 276 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the company’s stock in a transaction on Monday, April 15th. The shares were bought 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 owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group started coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. TD Cowen increased their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada increased their price target on Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday. Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday. Finally, Morgan Stanley increased their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Fidelity National Information Services Stock Down 0.3 %

NYSE:FIS traded down $0.26 during mid-day trading on Wednesday, hitting $74.05. The stock had a trading volume of 5,420,379 shares, compared to its average volume of 4,481,281. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $75.71. The company has a market capitalization of $41.58 billion, a PE ratio of -6.59, a PEG ratio of 0.88 and a beta of 0.98. The stock has a 50-day simple moving average of $70.79 and a two-hundred day simple moving average of $62.91.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. Fidelity National Information Services’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

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

Fidelity National Information Services Dividend Announcement

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

Fidelity National Information Services 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.