Xponance Inc. Buys 900 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Xponance Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 75,008 shares of the information technology services provider’s stock after purchasing an additional 900 shares during the period. Xponance Inc.’s holdings in Fidelity National Information Services were worth $4,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. Laurel Wealth Advisors Inc. grew its stake in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock valued at $756,000 after acquiring an additional 111 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Fidelity National Information Services by 3.8% in the first quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock worth $311,000 after purchasing an additional 112 shares in the last quarter. Brown Brothers Harriman & Co. raised its position 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 valued at $29,000 after purchasing an additional 130 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 203 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Fidelity National Information Services by 14.4% in the 3rd quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after buying an additional 206 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several research analyst reports. UBS Group boosted their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Evercore ISI increased their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Bank of America increased their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $71.59.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $70.73 on Friday. The firm has a market capitalization of $40.77 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The firm has a 50-day moving average price of $69.22 and a 200-day moving average price of $61.34. 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 (NYSE:FIS) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase program on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.