Avion Wealth Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Avion Wealth boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 503.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 609 shares of the information technology services provider’s stock after acquiring an additional 508 shares during the quarter. Avion Wealth’s holdings in Fidelity National Information Services were worth $49,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Fidelity National Information Services by 87.8% in the third quarter. CWM LLC now owns 24,962 shares of the information technology services provider’s stock valued at $2,091,000 after purchasing an additional 11,668 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Fidelity National Information Services by 177.7% in the third quarter. Ritholtz Wealth Management now owns 14,201 shares of the information technology services provider’s stock valued at $1,189,000 after purchasing an additional 9,087 shares during the last quarter. Carnegie Investment Counsel grew its holdings in Fidelity National Information Services by 51.4% in the third quarter. Carnegie Investment Counsel now owns 12,502 shares of the information technology services provider’s stock valued at $1,047,000 after purchasing an additional 4,246 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Fidelity National Information Services in the third quarter valued at $197,000. Finally, CX Institutional grew its holdings in Fidelity National Information Services by 4.0% in the third quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock valued at $370,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FIS shares. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective on the stock. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.55.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $73.13 on Wednesday. The company has a market cap of $39.37 billion, a P/E ratio of 29.13, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The business’s 50-day simple moving average is $81.32 and its 200 day simple moving average is $82.96.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the prior year, the company posted $0.94 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.19%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 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.