IAG Wealth Partners LLC Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

IAG Wealth Partners LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 25.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,375 shares of the information technology services provider’s stock after buying an additional 278 shares during the period. IAG Wealth Partners LLC’s holdings in Fidelity National Information Services were worth $83,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Information Services by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock worth $458,850,000 after acquiring an additional 33,881 shares during the last quarter. Northern Trust Corp increased its position in shares of Fidelity National Information Services by 10.6% in the third quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock valued at $410,280,000 after acquiring an additional 708,947 shares during the period. London Co. of Virginia raised its stake in shares of Fidelity National Information Services by 59.4% during the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock valued at $390,731,000 after acquiring an additional 2,633,196 shares during the last quarter. Finally, Baupost Group LLC MA boosted its holdings in shares of Fidelity National Information Services by 2.7% during the third quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock worth $384,691,000 after purchasing an additional 185,219 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of a number of research analyst reports. Mizuho boosted their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. Robert W. Baird cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Evercore ISI boosted 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 research report on Tuesday, March 26th. Finally, Truist Financial raised their target price on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $71.59.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.

Fidelity National Information Services Stock Down 1.2 %

FIS stock opened at $69.60 on Friday. The business has a 50 day moving average of $70.04 and a 200 day moving average of $61.95. The firm has a market cap of $40.12 billion, a PE ratio of -6.19, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share 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 company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $1.71 earnings per share. Fidelity National Information Services’s revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Fidelity National Information Services declared that its Board of Directors has authorized a share buyback plan on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Fidelity National Information Services

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.