Castlekeep Investment Advisors LLC Acquires New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Castlekeep Investment Advisors LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,900 shares of the information technology services provider's stock, valued at approximately $1,527,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. R Squared Ltd acquired a new position in Fidelity National Information Services in the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $40,000. Grove Bank & Trust raised its position in 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 buying an additional 399 shares during the period. Sound Income Strategies LLC lifted its stake in Fidelity National Information Services by 70.2% in the 4th 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 in the last quarter. Finally, Avion Wealth boosted its position in Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 508 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.44 during trading hours on Friday, hitting $78.36. The company had a trading volume of 3,409,715 shares, compared to its average volume of 3,513,339. The firm's fifty day moving average is $73.85 and its 200 day moving average is $78.71. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a market capitalization of $41.20 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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, beating the consensus estimate of $1.20 by $0.01. The firm 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 14.54% and a return on equity of 17.30%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group upped 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. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average price target of $91.11.

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.