Ascent Group LLC Purchases 1,516 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Ascent Group LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,130 shares of the information technology services provider’s stock after purchasing an additional 1,516 shares during the quarter. Ascent Group LLC’s holdings in Fidelity National Information Services were worth $1,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the 1st quarter worth about $29,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter worth about $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $37,000. Finally, Rothschild Investment LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Bank of America lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Barclays increased their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Ten equities 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

NYSE FIS opened at $83.13 on Monday. The company has a 50-day moving average price of $79.90 and a 200-day moving average price of $76.07. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $46.24 billion, a P/E ratio of -8.13, a PEG ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business 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 was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.73%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

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.