Kintegral Advisory LLC Invests $1.93 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Kintegral Advisory LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, Holdings Channel reports. The institutional investor bought 25,578 shares of the information technology services provider’s stock, valued at approximately $1,928,000.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Fidelity National Information Services in the first quarter worth about $29,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $29,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $37,000. Finally, Delta Asset Management LLC TN increased its stake in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the period. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Mizuho raised their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Evercore ISI raised their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Barclays raised their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $81.24 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $81.90. The firm has a market cap of $45.19 billion, a P/E ratio of -7.94, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $76.38 and a 200 day simple moving average of $73.35.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. Fidelity National Information Services’s dividend payout ratio is -14.08%.

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.