Essex Savings Bank Invests $226,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

by · The Cerbat Gem

Essex Savings Bank purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,699 shares of the information technology services provider’s stock, valued at approximately $226,000.

Other hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $30,000. Concord Wealth Partners grew its position in 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 valued at $37,000 after purchasing an additional 146 shares during the period. Family Firm Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. Finally, LRI Investments LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 1.6 %

Shares of FIS opened at $88.07 on Monday. The business’s 50-day moving average price is $86.07 and its 200-day moving average price is $79.44. Fidelity National Information Services, Inc. has a twelve month low of $51.57 and a twelve month high of $91.98. The stock has a market cap of $47.41 billion, a PE ratio of 35.09, a P/E/G ratio of 0.73 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.21 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FIS shares. Barclays lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Bank of America upped 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. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $89.68.

View Our Latest Research Report on FIS

Fidelity National Information Services Company Profile

(Free Report)

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.

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