Resonant Capital Advisors LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Resonant Capital Advisors LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,574 shares of the information technology services provider’s stock, valued at approximately $216,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $1,253,000. SG Americas Securities LLC increased its position in Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after purchasing an additional 11,655 shares during the period. Mizuho Markets Americas LLC boosted its holdings in shares of Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Fidelity National Information Services by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock valued at $52,626,000 after buying an additional 106,725 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Susquehanna increased their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Finally, Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Stock Down 0.3 %

Shares of NYSE FIS opened at $90.66 on Tuesday. The firm has a market cap of $50.43 billion, a price-to-earnings ratio of -8.86, a PEG ratio of 0.77 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $91.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50-day simple moving average is $83.43 and its 200-day simple moving average is $77.77.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.55 EPS. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.59%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

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.