M Holdings Securities Inc. Invests $690,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

M Holdings Securities Inc. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,875 shares of the information technology services provider’s stock, valued at approximately $690,000.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Fidelity National Information Services by 298.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock worth $30,000 after buying an additional 224 shares during the period. FinTrust Capital Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 248.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock worth $31,000 after buying an additional 221 shares during the period. Tcwp LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter worth about $33,000. Finally, Covestor Ltd bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Wolfe Research reduced their target price on shares of Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. Susquehanna Bancshares cut their price objective on shares of Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating for the company in a report on Tuesday, August 9th. Mizuho cut their price objective on shares of Fidelity National Information Services from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, Citigroup cut their price objective on shares of Fidelity National Information Services to $128.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.33.

Fidelity National Information Services Trading Down 1.0 %

Shares of NYSE FIS opened at $85.69 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69. Fidelity National Information Services, Inc. has a 52-week low of $85.00 and a 52-week high of $126.20. The firm has a 50 day moving average price of $96.14 and a two-hundred day moving average price of $97.22. The stock has a market cap of $52.10 billion, a P/E ratio of 62.09, a price-to-earnings-growth ratio of 0.87 and a beta of 0.78.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the firm posted $1.61 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 7.07 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio (DPR) is 136.23%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the executive vice president now directly owns 21,334 shares of the company’s stock, valued at $2,133,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO James W. Woodall sold 80,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the chief financial officer now owns 131,598 shares in the company, valued at $11,853,031.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 2,500 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now owns 21,334 shares of the company’s stock, valued at approximately $2,133,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,240 shares of company stock valued at $18,934,354. Corporate insiders own 0.68% of the company’s stock.

About Fidelity National Information Services

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

See Also

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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