AJOVista LLC Makes New $209,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

AJOVista LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,487 shares of the information technology services provider’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently added to or reduced their stakes in FIS. Commonwealth Equity Services LLC boosted its holdings in Fidelity National Information Services by 79.3% in the third quarter. Commonwealth Equity Services LLC now owns 125,574 shares of the information technology services provider’s stock worth $6,941,000 after purchasing an additional 55,531 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Fidelity National Information Services by 1.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,489 shares of the information technology services provider’s stock worth $1,740,000 after purchasing an additional 311 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Fidelity National Information Services by 19.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 112,109 shares of the information technology services provider’s stock valued at $6,196,000 after acquiring an additional 18,437 shares during the period. Xponance Inc. boosted its holdings in shares of Fidelity National Information Services by 1.9% during the third quarter. Xponance Inc. now owns 74,108 shares of the information technology services provider’s stock valued at $4,096,000 after acquiring an additional 1,411 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Fidelity National Information Services by 1.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 286,900 shares of the information technology services provider’s stock valued at $15,857,000 after acquiring an additional 4,700 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIS. UBS Group boosted their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Mizuho boosted their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Evercore ISI upped their price objective on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Fidelity National Information Services Price Performance

NYSE FIS traded up $1.29 on Friday, reaching $70.72. The company’s stock had a trading volume of 3,571,205 shares, compared to its average volume of 3,578,831. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $39.71 billion, a PE ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.98. The firm’s 50 day moving average is $70.56 and its two-hundred day moving average is $62.46.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $1.71 earnings per share. Fidelity National Information Services’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

Fidelity National Information Services declared that its board has approved 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 buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

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.