9258 Wealth Management LLC Takes $227,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

9258 Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 3,018 shares of the information technology services provider’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Rise Advisors LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at $29,000. Delta Asset Management LLC TN grew its holdings in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 450 shares during the period. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the second quarter valued at $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the second quarter valued at about $35,000. Finally, Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the first quarter worth about $37,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, for a total transaction 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 $750,510.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

FIS opened at $82.46 on Friday. 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 market capitalization of $45.87 billion, a price-to-earnings ratio of -8.06, a PEG ratio of 0.81 and a beta of 1.06. The company has a fifty day moving average of $77.28 and a 200 day moving average of $74.15. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $83.29.

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

Fidelity National Information Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Susquehanna lifted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. UBS Group upped their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Barclays lifted their target price on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

Fidelity National Information Services Company 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.