Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by WealthShield Partners LLC

Key Points

• WealthShield Partners LLC increased its stake in Fidelity National Information Services by 39.9%, owning 38,472 shares valued at approximately $2.87 million as of the latest SEC filing.
• Several institutional investors have significantly expanded their holdings in FIS, with Sierra Ocean LLC growing its stake by 356% during the first quarter.
• Fidelity National Information Services reported earnings of $1.36 per share for the latest quarter, matching analysts' expectations, with revenue reaching $2.62 billion—a 5.1% increase year-over-year.

WealthShield Partners LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,472 shares of the information technology services provider's stock after acquiring an additional 10,972 shares during the period. WealthShield Partners LLC's holdings in Fidelity National Information Services were worth $2,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sierra Ocean LLC grew its holdings in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the period. YANKCOM Partnership boosted its stake in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank lifted its stake 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 worth $33,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FIS shares. 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 research note on Monday, April 21st. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. 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 report on Wednesday, May 7th. Royal Bank Of Canada cut their price target 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $1.05 during midday trading on Friday, hitting $71.12. 4,362,174 shares of the stock traded hands, compared to its average volume of 3,083,271. The business's 50 day moving average price is $79.95 and its two-hundred day moving average price is $76.80. The firm has a market capitalization of $37.15 billion, a PE ratio of 395.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $1.36 EPS. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is 888.89%.

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.