MBB Public Markets I LLC Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

MBB Public Markets I LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 810.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,349 shares of the information technology services provider’s stock after purchasing an additional 36,806 shares during the quarter. MBB Public Markets I LLC’s holdings in Fidelity National Information Services were worth $3,116,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter valued at about $29,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $35,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $35,000. Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter valued at about $37,000. Finally, Rothschild Investment LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction on Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Up 0.2 %

FIS opened at $83.13 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day simple moving average of $79.90 and a 200-day simple moving average of $76.02. The stock has a market capitalization of $46.24 billion, a P/E ratio of -8.13, a P/E/G ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $85.63.

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, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $1.55 EPS. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FIS shares. UBS Group increased their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.25.

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.