Transcendent Capital Group LLC Purchases Shares of 3,901 Fidelity National Information Services, Inc. (NYSE:FIS)

Transcendent Capital Group LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,901 shares of the information technology services provider’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the second quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the second quarter valued at about $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Rothschild Investment LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $45,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

FIS stock opened at $88.07 on Friday. The stock’s 50 day simple moving average is $86.07 and its 200 day simple moving average is $79.39. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $51.57 and a 12-month high of $91.98. The stock has a market capitalization of $47.41 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.21 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIS. Robert W. Baird boosted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada upped their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.