Fluent Financial LLC Has $3.92 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Fluent Financial LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 434.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,963 shares of the information technology services provider’s stock after purchasing an additional 42,239 shares during the period. Fidelity National Information Services accounts for approximately 2.0% of Fluent Financial LLC’s portfolio, making the stock its 19th biggest position. Fluent Financial LLC’s holdings in Fidelity National Information Services were worth $3,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. FIL Ltd boosted its position in Fidelity National Information Services by 27.3% during 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 during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Fidelity National Information Services by 6.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after buying an additional 537,180 shares in the last quarter. Norges Bank bought a new position in Fidelity National Information Services during the fourth quarter valued at about $478,594,000. Finally, Dimensional Fund Advisors LP raised its holdings in Fidelity National Information Services by 25.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock valued at $301,194,000 after buying an additional 1,027,466 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen raised their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Mizuho raised their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Susquehanna raised their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Finally, Barclays raised their target price on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.65.

Fidelity National Information Services Stock Performance

FIS traded down $0.25 on Friday, hitting $82.22. 241,018 shares of the stock traded hands, compared to its average volume of 3,944,640. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $83.29. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $45.73 billion, a PE ratio of -8.06, a P/E/G ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average price of $77.28 and a two-hundred day moving average price of $74.15.

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

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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.