Aegis Wealth Management LLC Buys New Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Aegis Wealth Management LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, Holdings Channel.com reports. The firm bought 4,727 shares of the information technology services provider’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Fidelity National Information Services in the 4th quarter worth $30,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services in the 4th quarter worth $40,000. CoreCap Advisors LLC lifted its holdings in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after buying an additional 509 shares in the last quarter. Avion Wealth lifted its holdings in Fidelity National Information Services by 503.0% in the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider’s stock worth $49,000 after buying an additional 508 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock worth $51,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 2.1%

Shares of NYSE:FIS opened at $79.88 on Wednesday. The company has a 50 day moving average of $75.73 and a 200-day moving average of $77.88. The firm has a market cap of $41.97 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned $1.33 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.00%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Barclays dropped their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Monday, April 21st. Finally, Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.11.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

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.