Cambridge Investment Research Advisors Inc. Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cambridge Investment Research Advisors Inc. boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 22,826 shares of the information technology services provider’s stock after buying an additional 1,478 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity National Information Services were worth $1,720,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FIS. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in Fidelity National Information Services during the 1st quarter valued at $29,000. Delta Asset Management LLC TN increased its stake in Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares during the period. Family Firm Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter worth $35,000. Finally, Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the 1st quarter valued at about $37,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Up 0.2 %

Shares of Fidelity National Information Services stock opened at $82.64 on Wednesday. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $83.14. The stock has a market capitalization of $45.97 billion, a price-to-earnings ratio of -8.08, a PEG ratio of 0.81 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $76.98 and its 200-day simple moving average is $74.03.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FIS shares. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Royal Bank of Canada upped their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Mizuho upped their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Evercore ISI raised their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, May 7th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.65.

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.