Everhart Financial Group Inc. Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Everhart Financial Group Inc. grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 64.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,447 shares of the information technology services provider’s stock after buying an additional 2,133 shares during the quarter. Everhart Financial Group Inc.’s holdings in Fidelity National Information Services were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth $29,000. Delta Asset Management LLC TN raised its holdings in Fidelity National Information Services by 600.0% during the fourth 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 period. Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the first quarter valued at about $37,000. Finally, LRI Investments LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth about $46,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 0.7 %

Shares of Fidelity National Information Services stock traded up $0.57 during trading on Friday, hitting $79.27. The stock had a trading volume of 2,002,607 shares, compared to its average volume of 4,036,011. The stock has a market cap of $44.09 billion, a PE ratio of -7.75, a PEG ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $80.20. The firm’s fifty day simple moving average is $76.20 and its 200-day simple moving average is $72.92. 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 (NYSE:FIS) last announced its 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 business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FIS. Barclays boosted their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research 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 company a “positive” rating in a report on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $75.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.