West Family Investments Inc. Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

West Family Investments Inc. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,878 shares of the information technology services provider’s stock after buying an additional 78 shares during the quarter. West Family Investments Inc.’s holdings in Fidelity National Information Services were worth $2,092,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vantage Consulting Group Inc purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $25,000. Concord Wealth Partners purchased a new position in Fidelity National Information Services during the 4th quarter valued at $27,000. Curi Capital bought a new position in Fidelity National Information Services in the 4th quarter worth $28,000. BDO Wealth Advisors LLC raised its holdings in Fidelity National Information Services by 125.3% in the 4th quarter. BDO Wealth Advisors LLC now owns 223 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 124 shares in the last quarter. Finally, Emerson Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Several analysts have commented on the stock. Truist lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a report on Monday. They noted that the move was a valuation call. Rosenblatt Securities raised their target price on Fidelity National Information Services from $146.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 7th. Robert W. Baird increased their price objective on Fidelity National Information Services from $166.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, April 15th. Raymond James raised their price objective on Fidelity National Information Services from $170.00 to $194.00 and gave the company a “strong-buy” rating in a research report on Friday, May 7th. Finally, Truist Securities lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target for the company. in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $165.59.

FIS traded up $1.54 during mid-day trading on Friday, reaching $146.92. 32,088 shares of the company traded hands, compared to its average volume of 3,566,550. The stock’s fifty day moving average is $149.54. The firm has a market cap of $91.11 billion, a PE ratio of -382.57, a P/E/G ratio of 1.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.81 and a quick ratio of 0.81. Fidelity National Information Services, Inc. has a 52-week low of $120.17 and a 52-week high of $156.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Thursday, May 6th. The information technology services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.16 billion. Fidelity National Information Services had a positive return on equity of 7.01% and a negative net margin of 1.82%. Fidelity National Information Services’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 6.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 28.57%.

In related news, EVP Marc M. Mayo sold 27,409 shares of the firm’s stock in a transaction on Thursday, April 8th. The stock was sold at an average price of $150.00, for a total value of $4,111,350.00. Following the transaction, the executive vice president now directly owns 57,889 shares of the company’s stock, valued at approximately $8,683,350. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 17,800 shares of Fidelity National Information Services stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $144.95, for a total value of $2,580,110.00. Following the transaction, the director now owns 18,805 shares in the company, valued at $2,725,784.75. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Further Reading: What does an equal weight rating mean?

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.