Penbrook Management LLC Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Penbrook Management LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.8% during the 1st quarter, HoldingsChannel reports. The fund owned 4,324 shares of the information technology services provider’s stock after acquiring an additional 200 shares during the quarter. Penbrook Management LLC’s holdings in Fidelity National Information Services were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $30,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $40,000. CoreCap Advisors LLC increased its stake in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after buying an additional 509 shares during the period. Avion Wealth increased its stake in shares of Fidelity National Information Services by 503.0% in the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider’s stock worth $49,000 after buying an additional 508 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock worth $51,000 after buying an additional 371 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. UBS Group lifted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Barclays cut their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.11.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $79.96 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock has a market cap of $42.01 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $75.86 and its 200-day moving average price is $77.89.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Fidelity National Information Services Company 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.