Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by United Services Automobile Association

United Services Automobile Association increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 9.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,605 shares of the information technology services provider’s stock after buying an additional 1,501 shares during the period. United Services Automobile Association’s holdings in Fidelity National Information Services were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Parkside Financial Bank & Trust boosted its holdings in Fidelity National Information Services by 9.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock worth $134,000 after buying an additional 203 shares in the last quarter. First Business Financial Services Inc. grew its stake in Fidelity National Information Services by 4.4% in the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock valued at $305,000 after buying an additional 230 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Fidelity National Information Services by 1.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after buying an additional 232 shares during the last quarter. CarsonAllaria Wealth Management Ltd. grew its stake in Fidelity National Information Services by 7.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 237 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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 buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIS. The Goldman Sachs Group initiated 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 price target on the stock. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Susquehanna lifted their price target on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a report on Wednesday, May 8th. Mizuho lifted their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Evercore ISI boosted their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $78.74.

Read Our Latest Research Report on Fidelity National Information Services

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $0.47 during midday trading on Wednesday, hitting $74.66. The company’s stock had a trading volume of 235,303 shares, compared to its average volume of 4,386,306. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50-day moving average price of $72.99 and a two-hundred day moving average price of $65.68. The company has a market cap of $41.53 billion, a price-to-earnings ratio of -7.34, a PEG ratio of 0.79 and a beta of 0.98.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated a share repurchase program on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Fidelity National Information Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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