Maia Wealth LLC Takes $394,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Maia Wealth LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,175 shares of the information technology services provider’s stock, valued at approximately $394,000.

Other institutional investors have also bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $29,000. Delta Asset Management LLC TN lifted its holdings in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth $37,000. Finally, Criterion Capital Advisors LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays upped their price target on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, TD Cowen lifted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $80.45.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $0.34 during mid-day trading on Wednesday, hitting $77.92. The company’s stock had a trading volume of 87,036 shares, compared to its average volume of 4,104,559. The business’s fifty day moving average is $75.87 and its two-hundred day moving average is $72.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $43.34 billion, a price-to-earnings ratio of -7.65, a PEG ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

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.