Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,066 shares of the information technology services provider’s stock after purchasing an additional 3,159 shares during the period. United Asset Strategies Inc.’s holdings in Fidelity National Information Services were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of FIS. Brown Brothers Harriman & Co. lifted its stake in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the 3rd quarter worth about $25,000. Baystate Wealth Management LLC increased its holdings in Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 372 shares during the period. Neo Ivy Capital Management purchased a new stake in Fidelity National Information Services during the 2nd quarter worth about $46,000. Finally, BKM Wealth Management LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FIS shares. Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group started coverage on Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective on the stock. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, April 11th. Evercore ISI raised their price target on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Finally, Mizuho raised their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.59.

Fidelity National Information Services Price Performance

FIS opened at $70.65 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day simple moving average of $68.70 and a 200-day simple moving average of $61.05. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 2.04%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.