OneDigital Investment Advisors LLC Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

OneDigital Investment Advisors LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,845 shares of the information technology services provider’s stock after purchasing an additional 8,603 shares during the period. OneDigital Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT raised its holdings in Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors lifted its holdings in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares in the last quarter. Modera Wealth Management LLC boosted its stake in Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after purchasing an additional 137 shares during the period. Finally, Center for Financial Planning Inc. grew its holdings in Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FIS shares. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Compass Point dropped their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Stephens reduced their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $79.00 to $86.00 in a research note on Monday. Finally, Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.29.

Fidelity National Information Services Stock Up 0.4 %

Shares of NYSE:FIS opened at $79.44 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $71.86 and a two-hundred day simple moving average of $79.61. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The firm has a market capitalization of $42.08 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the business earned $0.94 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

Fidelity National Information Services 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.