Radnor Capital Management LLC Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Radnor Capital Management LLC raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,812 shares of the information technology services provider’s stock after acquiring an additional 1,845 shares during the quarter. Radnor Capital Management LLC’s holdings in Fidelity National Information Services were worth $4,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services during the second quarter valued at $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. Concord Wealth Partners lifted its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Fidelity National Information Services in the second quarter worth about $45,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 3.5 %

Shares of FIS stock opened at $86.57 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $47.23 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a 50 day moving average price of $85.75 and a 200 day moving average price of $79.17. Fidelity National Information Services, Inc. has a fifty-two week low of $49.91 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.09 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Analysts Set New Price Targets

FIS has been the topic of several research reports. Keefe, Bruyette & Woods raised 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. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Bank of America raised their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.75.

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.