Concord Wealth Partners Acquires 146 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Concord Wealth Partners raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 50.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 437 shares of the information technology services provider’s stock after purchasing an additional 146 shares during the quarter. Concord Wealth Partners’ holdings in Fidelity National Information Services were worth $37,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services in the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth $37,000. Finally, Rothschild Investment LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth $45,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

FIS opened at $90.87 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $47.31 and a 12-month high of $91.28. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of -8.88, a PEG ratio of 0.77 and a beta of 1.08. The business has a 50 day moving average of $84.58 and a 200-day moving average of $78.38. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.58%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Susquehanna lifted their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Barclays increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 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, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.30.

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.