Wealth Enhancement Advisory Services LLC Purchases 10,418 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 110,864 shares of the information technology services provider's stock after acquiring an additional 10,418 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fidelity National Information Services were worth $8,954,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT grew its position in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 128 shares during the period. Modera Wealth Management LLC lifted its stake in Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after purchasing an additional 137 shares in the last quarter. Center for Financial Planning Inc. lifted its stake in Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after purchasing an additional 138 shares in the last quarter. SageView Advisory Group LLC lifted its stake in Fidelity National Information Services by 1.5% during the fourth quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider's stock worth $903,000 after purchasing an additional 160 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its stake in Fidelity National Information Services by 6.5% during the fourth quarter. Gotham Asset Management LLC now owns 2,693 shares of the information technology services provider's stock worth $218,000 after purchasing an additional 164 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 0.2%

Shares of Fidelity National Information Services stock traded up $0.14 on Thursday, hitting $80.48. 2,229,621 shares of the company's stock traded hands, compared to its average volume of 3,465,969. The firm's 50-day moving average price is $76.49 and its two-hundred day moving average price is $77.53. The stock has a market capitalization of $42.28 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

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 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.33 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FIS shares. Compass Point reduced their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird increased 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. Truist Financial started coverage on Fidelity National Information Services in a research note on Monday. They issued a "hold" rating and a $84.00 price objective on the stock. 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, Wells Fargo & Company cut their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $90.75.

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.