RMR Wealth Builders Acquires 2,313 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

RMR Wealth Builders boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,344 shares of the information technology services provider’s stock after purchasing an additional 2,313 shares during the quarter. RMR Wealth Builders’ holdings in Fidelity National Information Services were worth $1,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services in the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the second quarter valued at $30,000. Concord Wealth Partners raised its position in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services in the 3rd quarter worth about $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS traded down $2.15 during trading on Friday, hitting $77.20. The company’s stock had a trading volume of 2,431,799 shares, compared to its average volume of 2,457,254. The firm has a market capitalization of $41.56 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $58.24 and a twelve month high of $91.98. The business’s fifty day simple moving average is $84.25 and its 200 day simple moving average is $82.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $92.19.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

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.