First Trust Direct Indexing L.P. Raises Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

First Trust Direct Indexing L.P. raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,910 shares of the information technology services provider’s stock after buying an additional 2,033 shares during the period. First Trust Direct Indexing L.P.’s holdings in Fidelity National Information Services were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in shares of Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 166 shares during the period. Penbrook Management LLC boosted its position in Fidelity National Information Services by 5.1% during the 1st quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock valued at $306,000 after acquiring an additional 200 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Fidelity National Information Services by 1.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock worth $1,178,000 after acquiring an additional 232 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Fidelity National Information Services by 7.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after purchasing an additional 237 shares during the period. Finally, ERn Financial LLC grew its stake in Fidelity National Information Services by 4.1% in the first quarter. ERn Financial LLC now owns 6,148 shares of the information technology services provider’s stock worth $456,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.8 %

Fidelity National Information Services stock opened at $75.81 on Friday. The stock has a market cap of $42.17 billion, a PE ratio of -7.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. 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 stock has a fifty day moving average of $75.15 and a 200 day moving average of $69.11. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders 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 1.90%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIS. Barclays increased their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Robert W. Baird boosted their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Stephens reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Finally, Bank of America increased their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Eight research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.32.

Insider Buying and Selling

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

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.