Jeffrey A. Goldstein Buys 775 Shares of Fidelity National Information Services, Inc. (NYSE:FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $70.35 on Thursday. The firm has a market cap of $40.55 billion, a P/E ratio of -6.26, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The stock has a 50 day moving average of $68.87 and a two-hundred day moving average of $61.11. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75. 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 posted its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $1.71 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

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

Fidelity National Information Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.05%. Fidelity National Information Services’s payout ratio is presently -12.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Laurel Wealth Advisors Inc. lifted its position in Fidelity National Information Services by 1.5% during the first quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock worth $756,000 after buying an additional 111 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Fidelity National Information Services by 3.8% during the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock worth $311,000 after acquiring an additional 112 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 130 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Information Services by 9.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 203 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Fidelity National Information Services by 30.6% during the second quarter. Farther Finance Advisors LLC now owns 879 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 206 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. Truist Financial lifted their price target on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Evercore ISI lifted their target price on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, UBS Group increased their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

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.