Dash Acquisitions Inc. Acquires 1,378 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)


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Dash Acquisitions Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,737 shares of the information technology services provider’s stock after purchasing an additional 1,378 shares during the quarter. Fidelity National Information Services accounts for 2.8% of Dash Acquisitions Inc.’s holdings, making the stock its 17th biggest position. Dash Acquisitions Inc.’s holdings in Fidelity National Information Services were worth $4,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantage Consulting Group Inc bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $25,000. Fieldpoint Private Securities LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $27,000. Concord Wealth Partners bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $27,000. Curi Capital bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $28,000. Finally, Dimension Capital Management LLC bought a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $31,000. 90.53% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity National Information Services stock opened at $152.44 on Thursday. The business has a fifty day simple moving average of $145.48 and a two-hundred day simple moving average of $140.54. Fidelity National Information Services, Inc. has a 1 year low of $120.01 and a 1 year high of $156.73. The company has a market capitalization of $94.84 billion, a price-to-earnings ratio of -846.89, a P/E/G ratio of 1.32 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm posted $1.57 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were issued a dividend of $0.39 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 11th. This represents a $1.56 annualized dividend and a yield of 1.02%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.81%.

Fidelity National Information Services declared that its board has authorized a stock repurchase program on Monday, February 1st that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts recently issued reports on FIS shares. Rosenblatt Securities increased their target price on Fidelity National Information Services from $140.00 to $146.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $138.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Thursday. Oppenheimer decreased their price target on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 2nd. KeyCorp decreased their price target on shares of Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Fidelity National Information Services in a research note on Wednesday, January 27th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Services presently has a consensus rating of “Buy” and an average price target of $160.42.

In other Fidelity National Information Services news, CEO Gary Norcross sold 79,131 shares of the stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $140.29, for a total transaction of $11,101,287.99. Also, insider Asif Ramji sold 29,992 shares of the stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total value of $4,148,493.44. Insiders have sold a total of 266,892 shares of company stock valued at $38,224,223 in the last ninety days. Insiders own 0.70% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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