Farther Finance Advisors LLC Acquires 254 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Farther Finance Advisors LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,408 shares of the information technology services provider’s stock after acquiring an additional 254 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity National Information Services were worth $285,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FIS. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Concord Wealth Partners grew its stake in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Fidelity National Information Services during the 2nd quarter worth $45,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Up 1.6 %

Shares of NYSE:FIS opened at $88.09 on Friday. The business has a 50-day moving average price of $86.07 and a 200-day moving average price of $79.39. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 0.80 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $51.57 and a 52-week high of $91.98. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

FIS has been the topic of several research reports. Oppenheimer initiated coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Susquehanna upped their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Bank of America lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.68.

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.