Strategic Financial Concepts LLC Invests $73,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Strategic Financial Concepts LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 96,538 shares of the information technology services provider’s stock, valued at approximately $73,000.

Several other institutional investors have also modified their holdings of FIS. Vanguard Group Inc. boosted its stake in shares of Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after acquiring an additional 11,023,109 shares in the last quarter. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $478,594,000. Lyrical Asset Management LP purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $260,316,000. Boston Partners lifted its stake in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after buying an additional 3,868,683 shares in the last quarter. Finally, FIL Ltd lifted its stake in Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after buying an additional 2,758,049 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 1.7 %

Shares of Fidelity National Information Services stock opened at $83.42 on Wednesday. The company has a fifty day moving average price of $77.73 and a 200 day moving average price of $74.69. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $83.47. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of -8.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

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

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

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

Analyst Ratings Changes

A number of research firms recently issued reports on FIS. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group upped their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Susquehanna boosted their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Barclays boosted their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.65.

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.