ORG Wealth Partners LLC Takes $197,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

ORG Wealth Partners LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,352 shares of the information technology services provider’s stock, valued at approximately $197,000.

A number of other institutional investors have also modified their holdings of FIS. Vanguard Group Inc. boosted its holdings in shares of Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares in the last quarter. Boston Partners boosted its stake in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Mizuho Markets Americas LLC boosted its stake in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after purchasing an additional 2,011,848 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $83,562,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 1.2 %

Shares of FIS stock opened at $87.79 on Tuesday. The company’s 50-day moving average price is $82.09 and its 200-day moving average price is $77.17. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.83 billion, a price-to-earnings ratio of -8.58, a PEG ratio of 0.77 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $87.96.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Analyst Ratings Changes

A number of analysts recently commented on FIS shares. Bank of America lifted their target price on shares of 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. TD Cowen lifted their price objective on shares of 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. UBS Group lifted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. 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 research note on Wednesday, August 7th. Finally, Susquehanna lifted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $81.65.

About Fidelity National Information Services

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.