Sound Income Strategies LLC Buys 250 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sound Income Strategies LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 70.2% in the 4th quarter, Holdings Channel reports. The firm owned 606 shares of the information technology services provider’s stock after buying an additional 250 shares during the period. Sound Income Strategies LLC’s holdings in Fidelity National Information Services were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank bought 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. purchased a new stake in Fidelity National Information Services during the second quarter valued at $30,000. Concord Wealth Partners lifted its holdings in 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 valued at $37,000 after acquiring an additional 146 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services in the third quarter worth about $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $79.24 on Friday. 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, Inc. has a 12 month low of $60.39 and a 12 month high of $91.98. The stock has a 50 day moving average of $82.18 and a 200 day moving average of $82.37. The firm has a market cap of $42.66 billion, a PE ratio of 31.57, a PEG ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.82%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Barclays upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.