Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Avion Wealth

Avion Wealth grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 503.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609 shares of the information technology services provider’s stock after purchasing an additional 508 shares during the quarter. Avion Wealth’s holdings in Fidelity National Information Services were worth $49,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sage Private Wealth Group LLC boosted its stake in Fidelity National Information Services by 11.5% during the 4th quarter. Sage Private Wealth Group LLC now owns 3,920 shares of the information technology services provider’s stock worth $317,000 after purchasing an additional 404 shares during the last quarter. Peterson Wealth Services boosted its stake in Fidelity National Information Services by 3.8% during the 4th quarter. Peterson Wealth Services now owns 20,937 shares of the information technology services provider’s stock worth $1,691,000 after purchasing an additional 776 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Fidelity National Information Services by 56.1% during the 4th quarter. Summit Trail Advisors LLC now owns 7,982 shares of the information technology services provider’s stock worth $645,000 after purchasing an additional 2,868 shares during the last quarter. Savant Capital LLC boosted its stake in Fidelity National Information Services by 2.9% during the 4th quarter. Savant Capital LLC now owns 34,857 shares of the information technology services provider’s stock worth $2,815,000 after purchasing an additional 966 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth $5,224,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $73.13 on Wednesday. The stock has a 50 day moving average price of $81.32 and a 200 day moving average price of $82.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the prior year, the business earned $0.94 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIS shares. Compass Point assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.55.

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.