Retirement Wealth Solutions LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Retirement Wealth Solutions LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,994 shares of the information technology services provider's stock, valued at approximately $308,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in Fidelity National Information Services by 94.7% during the second quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider's stock worth $5,803,000 after purchasing an additional 37,459 shares during the last quarter. Federated Hermes Inc. boosted its stake in Fidelity National Information Services by 12.8% in the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider's stock valued at $2,814,000 after buying an additional 4,246 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Fidelity National Information Services by 4.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 35,390 shares of the information technology services provider's stock valued at $2,675,000 after acquiring an additional 1,506 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Fidelity National Information Services by 9.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,559 shares of the information technology services provider's stock worth $720,000 after acquiring an additional 846 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fidelity National Information Services by 10.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,089 shares of the information technology services provider's stock worth $2,490,000 after acquiring an additional 3,150 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated 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 in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% 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. 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. 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 (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.83%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 57.37%.

Wall Street Analyst Weigh In

Several research firms have commented on FIS. 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 report on Thursday, October 10th. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Susquehanna lifted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. Finally, BNP Paribas downgraded Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

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.