Aegis Wealth Management LLC Makes New $382,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Aegis Wealth Management 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 filing with the SEC. The firm acquired 4,727 shares of the information technology services provider's stock, valued at approximately $382,000.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $30,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $40,000. CoreCap Advisors LLC raised its position in 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 acquiring 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 purchasing an additional 508 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Fidelity National Information Services by 139.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 371 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

FIS traded up $1.21 on Friday, hitting $79.48. The company had a trading volume of 5,576,856 shares, compared to its average volume of 3,470,998. The company's fifty day moving average price is $76.05 and its 200 day moving average price is $77.61. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $41.76 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. Fidelity National Information Services's dividend payout ratio is 105.96%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIS. UBS Group raised their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Barclays decreased their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.11.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction that occurred 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 purchase, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.