Envestnet Asset Management Inc. Buys 140,417 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Asset Management Inc. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,654,754 shares of the information technology services provider’s stock after purchasing an additional 140,417 shares during the quarter. Envestnet Asset Management Inc. owned 0.30% of Fidelity National Information Services worth $124,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at $1,253,000. Quest Partners LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $653,000. Jump Financial LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $752,000. SG Americas Securities LLC increased its holdings in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the period. Finally, Cibc World Markets Corp raised its position in Fidelity National Information Services by 19.1% during the 4th quarter. Cibc World Markets Corp now owns 747,428 shares of the information technology services provider’s stock valued at $44,898,000 after purchasing an additional 119,974 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIS. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. UBS Group raised their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Ten investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $80.65.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $85.03 on Tuesday. The company has a market capitalization of $46.39 billion, a PE ratio of -8.31, a PEG ratio of 0.82 and a beta of 1.08. The business has a fifty day moving average price of $78.43 and a 200-day moving average price of $75.16. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $85.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

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 (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio is -14.08%.

About Fidelity National Information Services

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.