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

Evergreen Wealth Management LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,506 shares of the information technology services provider’s stock after purchasing an additional 402 shares during the period. Evergreen Wealth Management LLC’s holdings in Fidelity National Information Services were worth $1,412,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after purchasing an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $1,244,000. Korea Investment CORP grew its holdings in Fidelity National Information Services by 5.5% during the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock worth $11,890,000 after acquiring an additional 11,181 shares in the last quarter. Sapient Capital LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth approximately $1,076,000. Finally, Alpha Cubed Investments LLC increased its position in shares of Fidelity National Information Services by 48.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after purchasing an additional 52,223 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS traded up $1.29 during midday trading on Friday, reaching $70.72. The stock had a trading volume of 3,571,205 shares, compared to its average volume of 3,578,831. The stock has a market cap of $39.71 billion, a P/E ratio of -6.29, a P/E/G ratio of 0.88 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The firm has a fifty day simple moving average of $70.56 and a two-hundred day simple moving average of $62.60.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a share buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services’s dividend payout ratio is currently -12.81%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIS. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a research note on Wednesday, March 13th. Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley boosted their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

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.