Quotient Wealth Partners LLC Makes New $228,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Quotient Wealth Partners LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,719 shares of the information technology services provider’s stock, valued at approximately $228,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares in the last quarter. Boston Partners grew its holdings in shares of Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares during the last quarter. FIL Ltd raised its stake in Fidelity National Information Services by 27.3% in the fourth 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 in the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Bank of America raised their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Susquehanna upped their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Fidelity National Information Services Stock Up 0.3 %

Shares of NYSE:FIS opened at $86.75 on Friday. The firm has a market capitalization of $47.33 billion, a P/E ratio of 64.74, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50 day moving average price of $81.79 and a 200-day moving average price of $77.02. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $87.90.

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

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 107.46%.

Fidelity National Information Services 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.