Verdence Capital Advisors LLC Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Verdence Capital Advisors LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 53.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,121 shares of the information technology services provider's stock after purchasing an additional 9,056 shares during the period. Verdence Capital Advisors LLC's holdings in Fidelity National Information Services were worth $1,951,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. Retirement Wealth Solutions LLC lifted its position in Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after acquiring an additional 146 shares during the last quarter. Stonebrook Private Inc. increased its holdings in shares of Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after buying an additional 146 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after buying an additional 147 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after buying an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Fidelity National Information Services by 8.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group boosted their price objective 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, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Monday, April 21st. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. Finally, Stephens increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Fidelity National Information Services Stock Performance

FIS traded down $0.43 on Friday, hitting $80.31. The company's stock had a trading volume of 2,382,447 shares, compared to its average volume of 3,354,435. The company's 50 day simple moving average is $80.10 and its 200-day simple moving average is $76.82. The firm has a market cap of $42.19 billion, a P/E ratio of 53.19 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57.

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 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $1.33 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's payout ratio is presently 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.