Veracity Capital LLC Acquires 5,316 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Veracity Capital LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 68.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,101 shares of the information technology services provider’s stock after buying an additional 5,316 shares during the quarter. Veracity Capital LLC’s holdings in Fidelity National Information Services were worth $972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RBA Wealth Management LLC grew its position in Fidelity National Information Services by 2.7% in the 1st quarter. RBA Wealth Management LLC now owns 46,981 shares of the information technology services provider’s stock worth $3,485,000 after purchasing an additional 1,227 shares during the period. Legacy Wealth Asset Management LLC increased its position in Fidelity National Information Services by 1.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 14,160 shares of the information technology services provider’s stock valued at $1,050,000 after acquiring an additional 251 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Fidelity National Information Services by 18.7% in the first quarter. First Trust Direct Indexing L.P. now owns 12,910 shares of the information technology services provider’s stock valued at $958,000 after acquiring an additional 2,033 shares during the period. Fluent Financial LLC purchased a new position in Fidelity National Information Services in the first quarter worth about $721,000. Finally, True Link Financial Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $334,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.58 during mid-day trading on Thursday, hitting $75.81. 1,287,286 shares of the stock were exchanged, compared to its average volume of 4,112,726. The firm has a 50-day moving average of $75.05 and a two-hundred day moving average of $69.06. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $42.17 billion, a PE ratio of -7.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the business earned $1.29 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.90%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of several recent research reports. Mizuho boosted their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. TD Cowen raised their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Susquehanna boosted their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research note on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $79.32.

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.