Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Archford Capital Strategies LLC

Archford Capital Strategies LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,443 shares of the information technology services provider’s stock after buying an additional 4,218 shares during the period. Archford Capital Strategies LLC’s holdings in Fidelity National Information Services were worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Insigneo Advisory Services LLC increased its stake in shares of Fidelity National Information Services by 17.6% during the second quarter. Insigneo Advisory Services LLC now owns 4,513 shares of the information technology services provider’s stock worth $329,000 after acquiring an additional 677 shares during the period. APG Asset Management N.V. raised its stake in shares of Fidelity National Information Services by 207.8% during the 2nd quarter. APG Asset Management N.V. now owns 74,945 shares of the information technology services provider’s stock worth $5,270,000 after buying an additional 50,600 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $258,000. Dark Forest Capital Management LP acquired a new position in Fidelity National Information Services during the second quarter worth $223,000. Finally, MBB Public Markets I LLC raised its position in Fidelity National Information Services by 810.2% in the second quarter. MBB Public Markets I LLC now owns 41,349 shares of the information technology services provider’s stock worth $3,116,000 after acquiring an additional 36,806 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $104.00 target price on shares of Fidelity National Information Services in a report on Wednesday. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Barclays increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $79.24 on Friday. The business’s 50-day simple moving average is $82.18 and its 200-day simple moving average is $82.37. The firm has a market capitalization of $42.66 billion, a P/E ratio of 31.57, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $60.39 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

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.