Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 33.8% in the fourth quarter, HoldingsChannel reports. The fund owned 11,015 shares of the information technology services provider’s stock after buying an additional 2,781 shares during the period. RMR Wealth Builders’ holdings in Fidelity National Information Services were worth $662,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIS. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Wedbush reissued an “outperform” rating and set a $75.00 target price on shares of Fidelity National Information Services in a research note on Wednesday. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Fidelity National Information Services Stock Down 0.3 %

Shares of NYSE FIS traded down $0.26 during mid-day trading on Wednesday, reaching $74.05. The company had a trading volume of 5,420,379 shares, compared to its average volume of 4,481,281. 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 twelve month low of $46.91 and a twelve month high of $75.71. The stock’s 50 day moving average is $70.79 and its 200-day moving average is $62.91. The stock has a market capitalization of $41.58 billion, a PE ratio of -6.59, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm earned $1.29 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.94%. Fidelity National Information Services’s payout ratio is presently -12.81%.

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

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

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.