Aspire Growth Partners LLC Acquires New Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Aspire Growth Partners LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,447 shares of the information technology services provider's stock, valued at approximately $278,000.

Several other large investors have also recently bought and sold shares of FIS. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 4th quarter worth $40,000. Grove Bank & Trust raised its stake in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 250 shares during the last quarter. Finally, Avion Wealth boosted its stake in shares of Fidelity National Information Services by 503.0% in the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 508 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $3.02 during midday trading on Thursday, reaching $78.53. The stock had a trading volume of 2,039,484 shares, compared to its average volume of 3,513,957. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $41.29 billion, a PE ratio of 30.09, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm's 50-day moving average price is $73.56 and its 200 day moving average price is $78.95.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $1.33 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services's payout ratio is currently 105.96%.

Analyst Ratings Changes

FIS has been the topic of several research analyst reports. Barclays cut their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.30.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

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.