Atlanta Consulting Group Advisors LLC Invests $342,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Atlanta Consulting Group Advisors LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,082 shares of the information technology services provider’s stock, valued at approximately $342,000.

A number of other large investors also recently made changes to their positions in the stock. Maxwell Wealth Strategies Inc. bought a new position in Fidelity National Information Services during the third quarter worth about $1,294,000. Empirical Finance LLC grew its holdings in shares of Fidelity National Information Services by 1.7% during the third quarter. Empirical Finance LLC now owns 20,063 shares of the information technology services provider’s stock worth $1,680,000 after buying an additional 328 shares in the last quarter. CIBC Asset Management Inc raised its position in Fidelity National Information Services by 6.7% in the 3rd quarter. CIBC Asset Management Inc now owns 136,219 shares of the information technology services provider’s stock valued at $11,408,000 after buying an additional 8,595 shares during the last quarter. KBC Group NV lifted its stake in Fidelity National Information Services by 0.7% in the 3rd quarter. KBC Group NV now owns 79,186 shares of the information technology services provider’s stock valued at $6,631,000 after acquiring an additional 523 shares in the last quarter. Finally, Huntington National Bank boosted its position in Fidelity National Information Services by 8.4% during the 3rd quarter. Huntington National Bank now owns 3,059 shares of the information technology services provider’s stock worth $256,000 after acquiring an additional 236 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $87.82 on Monday. The stock has a 50 day simple moving average of $86.67 and a 200 day simple moving average of $80.18. The stock has a market cap of $47.28 billion, a P/E ratio of 34.99, a PEG ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is 57.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIS. 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. JPMorgan Chase & Co. boosted their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stephens lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer started coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

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.