Coldstream Capital Management Inc. Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Coldstream Capital Management Inc. increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,194 shares of the information technology services provider’s stock after purchasing an additional 184 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Fidelity National Information Services were worth $768,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter worth $29,000. Delta Asset Management LLC TN grew its stake in shares of Fidelity National Information Services by 600.0% during the 4th 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. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the first quarter worth approximately $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.8 %

Shares of Fidelity National Information Services stock opened at $84.23 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $46.85 billion, a price-to-earnings ratio of -8.23, a PEG ratio of 0.80 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $84.40. The business has a 50-day moving average price of $78.05 and a 200-day moving average price of $74.82.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. TD Cowen increased their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays raised their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

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.