IAG Wealth Partners LLC Buys 278 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

IAG Wealth Partners LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,375 shares of the information technology services provider’s stock after acquiring an additional 278 shares during the period. IAG Wealth Partners LLC’s holdings in Fidelity National Information Services were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Fidelity National Information Services by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after acquiring an additional 6,503,451 shares in the last quarter. JANA Partners Management LP bought a new position in shares of Fidelity National Information Services in the 3rd quarter valued at $206,507,000. Lazard Asset Management LLC raised its holdings in shares of Fidelity National Information Services by 660.0% during the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock worth $183,944,000 after buying an additional 2,890,185 shares in the last quarter. London Co. of Virginia lifted its position in shares of Fidelity National Information Services by 59.4% during the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock worth $390,731,000 after buying an additional 2,633,196 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in Fidelity National Information Services by 163.0% in the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider’s stock valued at $216,880,000 after buying an additional 2,432,150 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Down 1.2 %

FIS stock opened at $69.60 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $74.75. The stock’s 50 day simple moving average is $70.04 and its 200 day simple moving average is $61.95. The company has a market cap of $40.12 billion, a P/E ratio of -6.19, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97.

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

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

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 2.07%. Fidelity National Information Services’s payout ratio is -12.81%.

Analyst Ratings Changes

A number of research analysts have recently commented on FIS shares. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Truist Financial upped their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Thursday, April 11th. Finally, UBS Group upped their target price on 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 investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.