Heritage Oak Wealth Advisors LLC Takes $267,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,189 shares of the information technology services provider’s stock, valued at approximately $267,000.

Other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. Family Firm Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $35,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $35,000. Palisade Asset Management LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at about $37,000. Finally, LRI Investments LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter worth about $46,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $90.33 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $91.14. The firm has a market capitalization of $50.25 billion, a P/E ratio of -8.83, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The company’s fifty day moving average price is $83.89 and its 200 day moving average price is $77.97.

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

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Susquehanna upped their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Finally, UBS Group increased their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $83.30.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.