Empirical Finance LLC Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Empirical Finance LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,239 shares of the information technology services provider’s stock after buying an additional 720 shares during the quarter. Empirical Finance LLC’s holdings in Fidelity National Information Services were worth $1,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $29,000. Rise Advisors LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $29,000. Delta Asset Management LLC TN raised its holdings in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $35,000. Finally, Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIS. Keefe, Bruyette & Woods increased their price objective 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. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. TD Cowen raised their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Bank of America raised their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Wedbush restated an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $76.42 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The firm has a 50 day moving average of $75.87 and a two-hundred day moving average of $69.74.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -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.