Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Millington Financial Advisors LLC

Millington Financial Advisors LLC increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,056 shares of the information technology services provider’s stock after acquiring an additional 410 shares during the period. Fidelity National Information Services comprises 1.2% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Millington Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $1,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $478,594,000. Lyrical Asset Management LP purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $260,316,000. Boston Partners grew its holdings in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays boosted their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Evercore ISI increased their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.65.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

Shares of FIS traded up $1.12 during mid-day trading on Friday, reaching $82.45. 4,111,251 shares of the company’s stock were exchanged, compared to its average volume of 3,993,484. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $82.48. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $76.56 and a two-hundred day simple moving average of $73.46. The company has a market cap of $45.86 billion, a price-to-earnings ratio of -8.06, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

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.