Wealth Enhancement Advisory Services LLC Buys 11,932 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,446 shares of the information technology services provider’s stock after buying an additional 11,932 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Information Services were worth $8,412,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the second quarter worth $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. Palisade Asset Management LLC acquired a new position in shares of Fidelity National Information Services in the 1st quarter valued at $37,000. Finally, Rothschild Investment LLC bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $45,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America raised their target price 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. Morgan Stanley cut 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 research report on Monday, July 22nd. Barclays boosted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Susquehanna increased their target price on shares of 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. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.30.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $90.01 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $47.31 and a 12 month high of $91.28. The firm has a market cap of $50.07 billion, a price-to-earnings ratio of -8.80, a PEG ratio of 0.77 and a beta of 1.08. The stock has a 50-day moving average price of $84.81 and a 200 day moving average price of $78.51.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services Company 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.