Jeffrey A. Goldstein Buys 701 Shares of Fidelity National Information Services, Inc. (NYSE:FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Fidelity National Information Services Stock Down 0.0 %

Shares of Fidelity National Information Services stock opened at $78.70 on Friday. The business has a 50-day moving average of $83.12 and a 200-day moving average of $82.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $42.37 billion, a PE ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast 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 paid a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of the company. Veracity Capital LLC grew its stake in Fidelity National Information Services by 6.7% in the fourth quarter. Veracity Capital LLC now owns 13,670 shares of the information technology services provider’s stock worth $1,104,000 after purchasing an additional 853 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in Fidelity National Information Services by 40.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,458 shares of the information technology services provider’s stock worth $279,000 after purchasing an additional 998 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in Fidelity National Information Services by 6.0% in the fourth quarter. MBM Wealth Consultants LLC now owns 4,424 shares of the information technology services provider’s stock worth $354,000 after purchasing an additional 250 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Fidelity National Information Services by 15.7% in the fourth quarter. Atomi Financial Group Inc. now owns 4,815 shares of the information technology services provider’s stock worth $389,000 after purchasing an additional 653 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in Fidelity National Information Services by 8.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 238,032 shares of the information technology services provider’s stock worth $19,226,000 after acquiring an additional 18,191 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price target for the company. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer assumed coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.00.

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.