International Assets Investment Management LLC Has $417,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

International Assets Investment Management LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 86.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,731 shares of the information technology services provider’s stock after selling 35,237 shares during the quarter. International Assets Investment Management LLC’s holdings in Fidelity National Information Services were worth $417,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter worth $29,000. Rise Advisors LLC bought a new position in Fidelity National Information Services during the first quarter worth about $29,000. Delta Asset Management LLC TN grew its stake in Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $35,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FIS shares. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, April 11th. Barclays boosted 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 report on Thursday, May 9th. TD Cowen increased their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Insider Buying and Selling

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

Fidelity National Information Services Price Performance

NYSE:FIS opened at $75.55 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73. The firm has a market capitalization of $42.02 billion, a price-to-earnings ratio of -7.39, a P/E/G ratio of 0.78 and a beta of 1.05. The stock’s 50 day moving average price is $74.45 and its two-hundred day moving average price is $68.35. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

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

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.36 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services declared that its Board of Directors has approved a share buyback program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Fidelity National Information Services 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.