JMG Financial Group Ltd. Purchases Shares of 3,783 Fidelity National Information Services, Inc. (NYSE:FIS)

JMG Financial Group Ltd. acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,783 shares of the information technology services provider’s stock, valued at approximately $227,000.

Several other large investors have also recently modified their holdings of FIS. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the third quarter worth about $25,000. Baystate Wealth Management LLC increased its holdings in 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 valued at $27,000 after purchasing an additional 372 shares during the period. BKM Wealth Management LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $35,000. Criterion Capital Advisors LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. Finally, ORG Partners LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIS. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. UBS Group boosted their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Truist Financial lifted their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.59.

Fidelity National Information Services Stock Down 1.5 %

NYSE FIS traded down $1.09 during mid-day trading on Wednesday, reaching $70.81. The stock had a trading volume of 4,247,344 shares, compared to its average volume of 4,440,768. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The company has a fifty day moving average price of $69.62 and a 200 day moving average price of $61.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

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 for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. Fidelity National Information Services’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services declared that its Board of Directors has authorized a stock repurchase program on Monday, February 26th that permits the company to repurchase $500.00 million in 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 generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

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.