Kennebec Savings Bank Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Kennebec Savings Bank lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 71.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 447 shares of the information technology services provider’s stock after acquiring an additional 186 shares during the period. Kennebec Savings Bank’s holdings in Fidelity National Information Services were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Fidelity National Information Services by 4.7% during 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 purchasing an additional 128 shares during the period. Modera Wealth Management LLC lifted its holdings in shares of 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 during the period. Center for Financial Planning Inc. lifted its holdings in shares of 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 during the period. Retirement Wealth Solutions LLC lifted its holdings in shares of Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock worth $309,000 after purchasing an additional 146 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider’s stock worth $150,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.8%

Fidelity National Information Services stock opened at $81.22 on Friday. The stock has a market capitalization of $42.67 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The business has a 50 day simple moving average of $76.62 and a 200-day simple moving average of $77.44. 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) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Analyst Ratings Changes

FIS has been the subject of a number of research reports. TD Cowen raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Monday, April 21st. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. Finally, Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.75.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased 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 of the company’s stock, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

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.