Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,794 shares of the information technology services provider’s stock after purchasing an additional 9,251 shares during the period. Fidelity National Information Services makes up 1.5% of Compass Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Compass Wealth Management LLC’s holdings in Fidelity National Information Services were worth $5,810,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sierra Ocean LLC grew its holdings in Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 267 shares in the last quarter. World Investment Advisors grew its holdings in Fidelity National Information Services by 3.1% during the 1st quarter. World Investment Advisors now owns 75,247 shares of the information technology services provider’s stock worth $5,619,000 after acquiring an additional 2,252 shares in the last quarter. VELA Investment Management LLC grew its holdings in Fidelity National Information Services by 29.7% during the 1st quarter. VELA Investment Management LLC now owns 44,675 shares of the information technology services provider’s stock worth $3,336,000 after acquiring an additional 10,234 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Fidelity National Information Services during the 1st quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Fidelity National Information Services by 15.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 11,268 shares of the information technology services provider’s stock worth $841,000 after acquiring an additional 1,492 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.5%

Shares of NYSE FIS opened at $81.67 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The firm has a 50-day moving average price of $79.70 and a 200 day moving average price of $76.93. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 844 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director owned 11,942 shares of the company’s stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FIS shares. Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Monday, April 21st. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th. UBS Group increased their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

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.