Optimum Investment Advisors Buys 800 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Optimum Investment Advisors increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 266.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the information technology services provider’s stock after purchasing an additional 800 shares during the quarter. Optimum Investment Advisors’ holdings in Fidelity National Information Services were worth $82,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FIS. Kestra Advisory Services LLC grew its stake in shares of Fidelity National Information Services by 39.4% during the third quarter. Kestra Advisory Services LLC now owns 12,791 shares of the information technology services provider’s stock valued at $707,000 after purchasing an additional 3,614 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $1,780,000. LPL Financial LLC grew its stake in shares of Fidelity National Information Services by 9.6% during the third quarter. LPL Financial LLC now owns 297,275 shares of the information technology services provider’s stock valued at $16,430,000 after purchasing an additional 25,992 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Fidelity National Information Services by 7.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 378,736 shares of the information technology services provider’s stock valued at $20,933,000 after purchasing an additional 27,270 shares during the last quarter. Finally, Mariner LLC grew its stake in shares of Fidelity National Information Services by 38.0% during the third quarter. Mariner LLC now owns 104,490 shares of the information technology services provider’s stock valued at $5,775,000 after purchasing an additional 28,792 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Down 0.7 %

Shares of NYSE:FIS opened at $75.96 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company’s fifty day simple moving average is $74.36 and its 200 day simple moving average is $68.17.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.90%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and set a $90.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Mizuho raised their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research note on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective on the stock. Barclays raised their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.32.

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.