Wealth Alliance Has $858,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Alliance reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,291 shares of the information technology services provider’s stock after selling 597 shares during the period. Wealth Alliance’s holdings in Fidelity National Information Services were worth $858,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $25,000. Baystate Wealth Management LLC lifted its stake in Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $35,000. Finally, Clear Street Markets LLC lifted its stake in Fidelity National Information Services by 59,900.0% in the 4th quarter. Clear Street Markets LLC now owns 600 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 599 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.1 %

FIS opened at $70.65 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a market cap of $40.73 billion, a P/E ratio of -6.29, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The company has a fifty day moving average price of $68.70 and a two-hundred day moving average price of $61.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its board has authorized a share buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $78.00 in a research report on Wednesday, March 13th. Bank of America raised their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $71.59.

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.