Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 50.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 868 shares of the information technology services provider’s stock after acquiring an additional 290 shares during the quarter. BKM Wealth Management LLC’s holdings in Fidelity National Information Services were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. JPMorgan Chase & Co. lifted its stake in shares of Fidelity National Information Services by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after purchasing an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $1,244,000. Quest Partners LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $653,000. Jump Financial LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $752,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fidelity National Information Services by 25.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock worth $301,194,000 after purchasing an additional 1,027,466 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $74.27 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $74.82 and a two-hundred day moving average of $68.80. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a market cap of $41.31 billion, a P/E ratio of -7.26, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Analysts Set New Price Targets

FIS has been the topic of a number of recent research reports. Mizuho boosted their price objective on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Evercore ISI lifted their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. Robert W. Baird lifted their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Stephens reaffirmed an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Susquehanna lifted their target price on Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.