Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4,510.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,384 shares of the information technology services provider's stock after acquiring an additional 14,072 shares during the quarter. VisionPoint Advisory Group LLC's holdings in Fidelity National Information Services were worth $864,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in Fidelity National Information Services by 9.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 203 shares during the period. Allworth Financial LP increased its position in Fidelity National Information Services by 14.4% during the third quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider's stock worth $90,000 after buying an additional 206 shares in the last quarter. First Business Financial Services Inc. boosted its stake in shares of Fidelity National Information Services by 4.4% during the third quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider's stock valued at $305,000 after acquiring an additional 230 shares during the last quarter. Blue Trust Inc. lifted its holdings in Fidelity National Information Services by 7.5% in the 4th quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider's stock valued at $218,000 after purchasing an additional 275 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC grew its holdings in shares of Fidelity National Information Services by 1.2% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 23,543 shares of the information technology services provider's stock worth $1,414,000 after buying an additional 276 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company's stock, valued at $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.93 during mid-day trading on Friday, reaching $74.64. The stock had a trading volume of 3,954,875 shares, compared to its average volume of 4,219,046. The firm's 50 day simple moving average is $71.13 and its 200 day simple moving average is $63.23. The firm has a market cap of $41.52 billion, a PE ratio of -7.30, a P/E/G ratio of 0.75 and a beta of 0.98. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $75.71. The company has a quick ratio of 0.75, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company's revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post 4.98 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a stock buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services's payout ratio is -14.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FIS shares. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They issued a "buy" rating and a $84.00 target price on the stock. Evercore ISI lifted their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an "in-line" rating in a report on Tuesday. UBS Group boosted their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. Robert W. Baird upped their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.11.

Fidelity National Information Services Company 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.