J. Stern & Co. LLP Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

J. Stern & Co. LLP purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 641 shares of the information technology services provider’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. Graypoint LLC lifted its stake in Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares during the period. Atomi Financial Group Inc. raised its position in shares of Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 137 shares during the period. Concord Wealth Partners grew its holdings in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares during the period. Finally, Larson Financial Group LLC increased its stake in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIS. Jefferies Financial Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. UBS Group raised their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America increased their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Stock Performance

NYSE:FIS traded up $0.47 during mid-day trading on Tuesday, hitting $84.88. The stock had a trading volume of 111,229 shares, compared to its average volume of 3,758,896. The company’s 50 day simple moving average is $86.95 and its 200 day simple moving average is $80.77. The stock has a market cap of $45.70 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a twelve month low of $55.24 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is presently 57.37%.

Fidelity National Information Services 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.