Mount Yale Investment Advisors LLC Purchases 631 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mount Yale Investment Advisors LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,582 shares of the information technology services provider’s stock after buying an additional 631 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity National Information Services by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 102,718 shares of the information technology services provider’s stock worth $7,620,000 after purchasing an additional 1,417 shares during the last quarter. BKM Wealth Management LLC lifted its position in shares of Fidelity National Information Services by 50.2% during the 1st quarter. BKM Wealth Management LLC now owns 868 shares of the information technology services provider’s stock worth $64,000 after buying an additional 290 shares during the last quarter. AlphaMark Advisors LLC grew its position in Fidelity National Information Services by 18.6% in the first quarter. AlphaMark Advisors LLC now owns 1,750 shares of the information technology services provider’s stock valued at $130,000 after acquiring an additional 275 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Fidelity National Information Services during the first quarter worth about $1,608,000. Finally, Penbrook Management LLC lifted its holdings in shares of Fidelity National Information Services by 5.1% in the first quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock worth $306,000 after acquiring an additional 200 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $89.72 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $49.91 billion, a PE ratio of -8.77, a P/E/G ratio of 0.77 and a beta of 1.08. The firm has a fifty day simple moving average of $84.13 and a 200 day simple moving average of $78.06. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $91.22.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.55 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIS. Jefferies Financial Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Bank of America upped their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.30.

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.