Arkadios Wealth Advisors Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Arkadios Wealth Advisors has acquired a new stake in Fidelity National Information Services worth approximately $1.59 million, purchasing 21,248 shares during the first quarter.
• Fidelity National Information Services recently declared a $0.40 quarterly dividend to be paid on September 24th, representing a 2.0% yield and an annualized dividend of $1.60.
• Analysts unanimously rate Fidelity National Information Services as a "Moderate Buy," with a consensus price target of $91.00 and several upgrades to "buy" ratings from firms like Oppenheimer and Citigroup.

Arkadios Wealth Advisors bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,248 shares of the information technology services provider's stock, valued at approximately $1,587,000.

Other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services in the 1st quarter worth about $276,000. Brown Advisory Inc. grew its stake in Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after purchasing an additional 47,086 shares in the last quarter. Compass Wealth Management LLC grew its stake in Fidelity National Information Services by 13.5% in the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after purchasing an additional 9,251 shares in the last quarter. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the fourth quarter valued at about $347,000. Finally, Meritage Portfolio Management grew its stake in Fidelity National Information Services by 43.9% in the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after purchasing an additional 25,203 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. TD Cowen upgraded 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 note on Monday, April 21st. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Robert W. Baird raised their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the company from $79.00 to $86.00 in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $90.70.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $2.11 during trading hours on Wednesday, hitting $70.11. The stock had a trading volume of 4,166,227 shares, compared to its average volume of 3,584,779. The company has a 50-day moving average of $80.31 and a two-hundred day moving average of $76.90. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a market cap of $36.84 billion, a PE ratio of 46.38 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

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.