MBM Wealth Consultants LLC Buys 250 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

MBM Wealth Consultants LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,424 shares of the information technology services provider’s stock after acquiring an additional 250 shares during the period. MBM Wealth Consultants LLC’s holdings in Fidelity National Information Services were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Avanza Fonder AB bought a new stake in Fidelity National Information Services in the 4th quarter valued at about $3,227,000. CENTRAL TRUST Co increased its position in shares of Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the period. Franklin Resources Inc. raised its stake in Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after purchasing an additional 25,701 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Fidelity National Information Services during the third quarter worth about $590,000. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIS. Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target on the stock. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer began coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Price Performance

FIS stock opened at $79.00 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50-day simple moving average of $82.92 and a two-hundred day simple moving average of $82.36. The company has a market capitalization of $42.53 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $59.90 and a 52-week high of $91.98.

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, topping the consensus estimate 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 business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Fidelity National Information Services 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.