Thurston Springer Miller Herd & Titak Inc. Acquires New Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 852 shares of the information technology services provider’s stock, valued at approximately $64,000.

Several other large investors have also made changes to their positions in FIS. DNB Asset Management AS boosted its position in shares of Fidelity National Information Services by 6.1% during the 2nd quarter. DNB Asset Management AS now owns 95,491 shares of the information technology services provider’s stock valued at $7,196,000 after acquiring an additional 5,522 shares in the last quarter. Moody National Bank Trust Division lifted its position in Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after buying an additional 169 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Fidelity National Information Services by 45.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,832 shares of the information technology services provider’s stock worth $138,000 after acquiring an additional 570 shares during the last quarter. First Hawaiian Bank increased its position in Fidelity National Information Services by 7.7% in the 2nd quarter. First Hawaiian Bank now owns 62,560 shares of the information technology services provider’s stock valued at $4,715,000 after acquiring an additional 4,469 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Fidelity National Information Services by 48.1% in the second quarter. GAMMA Investing LLC now owns 10,030 shares of the information technology services provider’s stock worth $756,000 after acquiring an additional 3,257 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FIS shares. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. TD Cowen raised their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Evercore ISI boosted their price objective on Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.53.

Fidelity National Information Services Stock Up 0.6 %

Shares of NYSE:FIS traded up $0.45 during mid-day trading on Wednesday, reaching $76.99. 276,287 shares of the stock were exchanged, compared to its average volume of 4,117,185. The stock’s 50 day simple moving average is $75.70 and its 200-day simple moving average is $71.62. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The company has a market cap of $42.83 billion, a P/E ratio of -7.48, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Fidelity National Information Services’s payout ratio is -14.08%.

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.