Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Increased by RMR Wealth Builders

RMR Wealth Builders raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 29.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,140 shares of the information technology services provider's stock after purchasing an additional 4,796 shares during the quarter. RMR Wealth Builders' holdings in Fidelity National Information Services were worth $1,579,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kennebec Savings Bank raised its holdings in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after buying an additional 186 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $40,000. CoreCap Advisors LLC raised its holdings in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock valued at $51,000 after buying an additional 371 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Fidelity National Information Services by 109.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider's stock valued at $58,000 after buying an additional 403 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several analyst reports. 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 report on Monday, April 21st. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird raised their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. Barclays lowered their price objective on 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. Finally, Stephens raised their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $1.53 during midday trading on Friday, reaching $79.29. 2,953,019 shares of the stock traded hands, compared to its average volume of 3,429,440. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $77.34 and a two-hundred day moving average price of $77.38. The firm has a market cap of $41.66 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.23 and a beta of 1.06. 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 earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

About Fidelity National Information Services

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.