AXS Investments LLC Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

AXS Investments LLC lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 153.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,665 shares of the information technology services provider’s stock after purchasing an additional 20,399 shares during the period. AXS Investments LLC’s holdings in Fidelity National Information Services were worth $2,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Fidelity National Information Services by 14.4% in 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 during the last quarter. MGO One Seven LLC raised its holdings in Fidelity National Information Services by 37.6% in the third quarter. MGO One Seven LLC now owns 15,988 shares of the information technology services provider’s stock worth $884,000 after buying an additional 4,370 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Fidelity National Information Services by 1.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 917,463 shares of the information technology services provider’s stock worth $50,708,000 after buying an additional 11,914 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Fidelity National Information Services by 20.0% during the third quarter. Corient Private Wealth LLC now owns 122,269 shares of the information technology services provider’s stock valued at $6,760,000 after purchasing an additional 20,395 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Fidelity National Information Services by 29.0% during the third quarter. EverSource Wealth Advisors LLC now owns 4,026 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 905 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The shares were acquired at an average price 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 in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on FIS shares. Susquehanna boosted their target price on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.11.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded down $0.93 during mid-day trading on Thursday, reaching $76.31. 2,632,298 shares of the company’s stock traded hands, compared to its average volume of 4,431,994. The company has a market cap of $42.45 billion, a price-to-earnings ratio of -7.55, a PEG ratio of 0.80 and a beta of 0.98. The stock has a 50 day moving average of $72.38 and a two-hundred day moving average of $64.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate 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%. Fidelity National Information Services’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Equities analysts forecast 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 authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors 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 1.89%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

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.