32,099 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,099 shares of the information technology services provider's stock, valued at approximately $2,593,000.

Several other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $40,000. CoreCap Advisors LLC raised its stake in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after acquiring an additional 509 shares during the period. Sound Income Strategies LLC lifted its holdings in Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 250 shares in the last quarter. Finally, Avion Wealth boosted its position in shares of Fidelity National Information Services by 503.0% in the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 508 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.8%

FIS traded up $0.66 on Friday, reaching $78.93. 1,268,198 shares of the company's stock were exchanged, compared to its average volume of 3,869,488. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company's 50 day moving average is $75.94 and its 200-day moving average is $77.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $41.47 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.23 and a beta of 1.08.

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 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

FIS has been the subject of several research analyst reports. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group upped their price target on 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.