Financial Counselors Inc. Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Financial Counselors Inc. boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 66.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,430 shares of the information technology services provider's stock after purchasing an additional 49,474 shares during the quarter. Financial Counselors Inc.'s holdings in Fidelity National Information Services were worth $9,218,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC raised its position in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the period. YANKCOM Partnership grew its position in shares of Fidelity National Information Services by 118.8% during the 1st 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 period. Kennebec Savings Bank increased its holdings in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Finally, Wayfinding Financial LLC purchased a new position in Fidelity National Information Services during the first quarter valued at approximately $43,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director owned 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Stephens raised their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada lowered their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research 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 given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.01 during mid-day trading on Wednesday, hitting $79.86. 2,364,754 shares of the stock were exchanged, compared to its average volume of 3,362,541. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 52.89, a P/E/G ratio of 1.49 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 stock's fifty day simple moving average is $79.79 and its two-hundred day simple moving average is $76.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $1.33 EPS. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. Fidelity National Information Services's payout ratio is 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.