Transcend Capital Advisors LLC Grows Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Transcend Capital Advisors LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 94.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,400 shares of the information technology services provider’s stock after purchasing an additional 3,593 shares during the period. Transcend Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $558,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FIS. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth $29,000. Rise Advisors LLC purchased a new position in Fidelity National Information Services in the first quarter worth $29,000. Delta Asset Management LLC TN boosted its position in Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 450 shares during the period. Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at about $37,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $40,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Down 1.0 %

Shares of NYSE:FIS traded down $0.73 during midday trading on Friday, reaching $74.36. The company’s stock had a trading volume of 2,291,368 shares, compared to its average volume of 2,545,996. The firm has a 50 day moving average of $75.77 and a 200-day moving average of $71.33. The firm has a market capitalization of $41.36 billion, a P/E ratio of -7.27, a PEG ratio of 0.77 and a beta of 1.06. 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 announced 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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm posted $1.29 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI upped their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $75.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Mizuho raised their price target on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.42.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction on Monday, July 15th. The shares were acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.