Concord Wealth Partners Acquires 146 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Concord Wealth Partners grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 50.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 437 shares of the information technology services provider’s stock after purchasing an additional 146 shares during the quarter. Concord Wealth Partners’ holdings in Fidelity National Information Services were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter valued at $37,000. Finally, Rothschild Investment LLC bought a new stake in Fidelity National Information Services during the 2nd quarter worth $45,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $90.87 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $47.31 and a one year high of $91.28. The firm has a market capitalization of $50.55 billion, a price-to-earnings ratio of -8.88, a PEG ratio of 0.77 and a beta of 1.08. The business has a 50-day simple moving average of $84.58 and a 200 day simple moving average of $78.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Analyst Ratings Changes

FIS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $83.30.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.