Focus Financial Network Inc. ADV Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Focus Financial Network Inc. ADV acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,458 shares of the information technology services provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of FIS. Keybank National Association OH raised its holdings in shares of Fidelity National Information Services by 11.4% in the third quarter. Keybank National Association OH now owns 4,829 shares of the information technology services provider’s stock worth $267,000 after buying an additional 496 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Fidelity National Information Services by 36.3% in the third quarter. Avantax Advisory Services Inc. now owns 23,016 shares of the information technology services provider’s stock valued at $1,272,000 after purchasing an additional 6,124 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Fidelity National Information Services by 10.1% during the third quarter. Banque Cantonale Vaudoise now owns 15,739 shares of the information technology services provider’s stock worth $870,000 after purchasing an additional 1,449 shares in the last quarter. Argent Trust Co grew its holdings in shares of Fidelity National Information Services by 5.7% during the third quarter. Argent Trust Co now owns 17,922 shares of the information technology services provider’s stock worth $991,000 after buying an additional 971 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Fidelity National Information Services by 10.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 123,107 shares of the information technology services provider’s stock valued at $6,804,000 after acquiring an additional 11,758 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services 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 owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.0 %

NYSE FIS opened at $76.05 on Wednesday. The firm has a market cap of $42.30 billion, a PE ratio of -7.43, a P/E/G ratio of 0.77 and a beta of 1.05. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The firm’s fifty day moving average is $73.39 and its two-hundred day moving average is $66.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 54.14% and a positive return on equity of 13.91%. Fidelity National Information Services’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Analysts expect that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated 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 shares are undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders 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 yield of 1.89%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. UBS Group boosted their target price 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. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Morgan Stanley lifted their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, TD Cowen boosted their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.74.

Get Our Latest Stock Report on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Free Report)

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.

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

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