Old Port Advisors Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Old Port Advisors acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,694 shares of the information technology services provider’s stock, valued at approximately $203,000.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services during the first quarter worth $29,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth $29,000. Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the first quarter valued at $37,000. Delta Asset Management LLC TN increased its holdings in 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 valued at $32,000 after buying an additional 450 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Fidelity National Information Services in the first quarter valued at $46,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Evercore ISI lifted their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, May 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Ten investment 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.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $80.45.

Fidelity National Information Services Price Performance

FIS stock traded up $0.52 during trading on Friday, hitting $79.00. The company had a trading volume of 2,167,762 shares, compared to its average volume of 4,104,587. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $79.25. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $43.94 billion, a price-to-earnings ratio of -7.72, a P/E/G ratio of 0.77 and a beta of 1.06. The business has a 50 day moving average of $75.98 and a 200 day moving average of $72.35.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently 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.