1620 Investment Advisors Inc. Makes New $69,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

1620 Investment Advisors Inc. purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 912 shares of the information technology services provider’s stock, valued at approximately $69,000.

Several other large investors have also recently modified their holdings of the stock. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $29,000. Delta Asset Management LLC TN raised its holdings in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 450 shares during the last quarter. Palisade Asset Management LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at approximately $37,000. Finally, LRI Investments LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIS. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Mizuho boosted their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Barclays upped their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

Fidelity National Information Services Trading Down 0.6 %

Shares of FIS stock opened at $78.70 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a fifty day simple moving average of $76.15 and a two-hundred day simple moving average of $72.80. The firm has a market capitalization of $43.78 billion, a PE ratio of -7.69, a PEG ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $80.20.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

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.