Mountain Pacific Investment Advisers Inc. ID Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 352,686 shares of the information technology services provider’s stock after acquiring an additional 4,752 shares during the period. Fidelity National Information Services accounts for approximately 1.3% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 27th biggest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Fidelity National Information Services were worth $21,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the third quarter worth about $25,000. Baystate Wealth Management LLC increased its holdings 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 worth $27,000 after buying an additional 372 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $35,000. Criterion Capital Advisors LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $40,000. Finally, ORG Partners LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several recent analyst reports. Morgan Stanley upped their price target on 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. BNP Paribas cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Thursday, April 11th. Mizuho lifted their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Truist Financial upped their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Bank of America increased their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.59.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Trading Down 1.2 %

NYSE FIS opened at $69.59 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The firm has a 50 day moving average of $70.04 and a two-hundred day moving average of $61.89. 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 stock has a market capitalization of $40.12 billion, a PE ratio of -6.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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). The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 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 revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

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

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.