Xponance Inc. Acquires 900 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Xponance Inc. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,008 shares of the information technology services provider’s stock after acquiring an additional 900 shares during the period. Xponance Inc.’s holdings in Fidelity National Information Services were worth $4,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIS. Laurel Wealth Advisors Inc. lifted its holdings in Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock worth $756,000 after buying an additional 111 shares during the period. EP Wealth Advisors LLC lifted its holdings in Fidelity National Information Services by 3.8% in the first quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after buying an additional 112 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after buying an additional 203 shares during the period. Finally, Allworth Financial LP boosted its stake in Fidelity National Information Services by 14.4% during the third quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIS. Truist Financial upped their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Royal Bank of Canada increased their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. UBS Group lifted their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Bank of America raised their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Mizuho boosted their target price on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.59.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $70.73 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The business’s 50 day simple moving average is $69.22 and its 200 day simple moving average is $61.34. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75. The company has a market cap of $40.77 billion, a price-to-earnings ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $1.71 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services declared that its board has authorized a share buyback plan on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -12.81%.

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.