HB Wealth Management LLC Purchases 4,246 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

HB Wealth Management LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,692 shares of the information technology services provider's stock after acquiring an additional 4,246 shares during the period. HB Wealth Management LLC's holdings in Fidelity National Information Services were worth $4,982,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings 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 worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $30,000. Groupama Asset Managment increased its position in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 319 shares during the period. Finally, Concord Wealth Partners lifted 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 period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $0.01 during mid-day trading on Friday, reaching $78.70. 3,149,968 shares of the company's stock were exchanged, compared to its average volume of 2,263,666. The business's fifty day simple moving average is $83.12 and its 200 day simple moving average is $82.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a one year low of $58.24 and a one year high of $91.98. The firm has a market capitalization of $42.37 billion, a PE ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FIS shares. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Oppenheimer began coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating on the stock. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Barclays increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Mizuho lifted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price 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.