Fluent Financial LLC Has $3.92 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Fluent Financial LLC lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 434.4% during the 2nd quarter, Holdings Channel reports. The fund owned 51,963 shares of the information technology services provider’s stock after acquiring an additional 42,239 shares during the quarter. Fidelity National Information Services makes up approximately 2.0% of Fluent Financial LLC’s portfolio, making the stock its 19th biggest position. Fluent Financial LLC’s holdings in Fidelity National Information Services were worth $3,916,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth $1,253,000. Quest Partners LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $653,000. Jump Financial LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth $752,000. SG Americas Securities LLC raised its position in shares of Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after acquiring an additional 189,484 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Fidelity National Information Services by 25.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock valued at $301,194,000 after acquiring an additional 1,027,466 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FIS shares. Barclays upped their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research 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 company an “outperform” rating in a research report on Wednesday, August 7th. Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Mizuho upped their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.65.

Fidelity National Information Services Stock Down 0.3 %

NYSE FIS traded down $0.25 on Friday, reaching $82.22. The company had a trading volume of 241,018 shares, compared to its average volume of 3,944,640. The firm has a market capitalization of $45.73 billion, a price-to-earnings ratio of -8.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $83.29. The company’s fifty day moving average is $77.28 and its 200-day moving average is $74.15.

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 for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business earned $1.55 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. Fidelity National Information Services’s dividend payout ratio is -14.08%.

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.