Moran Wealth Management LLC Buys 15,341 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Moran Wealth Management LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,320 shares of the information technology services provider's stock after purchasing an additional 15,341 shares during the period. Moran Wealth Management LLC's holdings in Fidelity National Information Services were worth $18,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. Kennebec Savings Bank boosted its stake 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 purchasing an additional 186 shares during the period. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $40,000. CoreCap Advisors LLC lifted its holdings in shares of 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 worth $46,000 after acquiring an additional 509 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after purchasing an additional 371 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Fidelity National Information Services by 109.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 403 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.75 during midday trading on Tuesday, reaching $82.25. 3,560,741 shares of the company were exchanged, compared to its average volume of 3,779,258. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market cap of $43.22 billion, a PE ratio of 54.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The business's fifty day moving average is $78.69 and its two-hundred day moving average is $77.02. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share 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 return on equity of 18.15% and a net margin of 8.10%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have issued reports on FIS. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price 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. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Monday, April 21st. Finally, Truist Financial initiated coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a "hold" rating and a $84.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.75.

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.