Connectus Wealth LLC Has $878,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Connectus Wealth LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 46.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,043 shares of the information technology services provider’s stock after selling 7,112 shares during the quarter. Connectus Wealth LLC’s holdings in Fidelity National Information Services were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $238,000. Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity National Information Services by 621.6% during the fourth quarter. Qube Research & Technologies Ltd now owns 373,812 shares of the information technology services provider’s stock worth $40,802,000 after buying an additional 322,008 shares during the last quarter. AGF Investments Inc. acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $327,000. Fifth Third Bancorp lifted its holdings in shares of Fidelity National Information Services by 30.3% during the fourth quarter. Fifth Third Bancorp now owns 137,058 shares of the information technology services provider’s stock worth $14,960,000 after buying an additional 31,883 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 24.1% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,440 shares of the information technology services provider’s stock worth $485,000 after buying an additional 862 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FIS shares. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $145.00 to $125.00 in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft cut their target price on Fidelity National Information Services from $155.00 to $116.00 in a research note on Wednesday, April 20th. Oppenheimer cut their target price on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. Morgan Stanley cut their target price on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, June 30th. Finally, Citigroup cut their target price on Fidelity National Information Services from $138.00 to $130.00 in a research note on Monday, April 25th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.23.

Fidelity National Information Services Trading Up 0.8 %

Shares of FIS opened at $97.37 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. Fidelity National Information Services, Inc. has a 12-month low of $85.00 and a 12-month high of $135.62. The firm has a market capitalization of $59.20 billion, a PE ratio of 70.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The stock’s fifty day simple moving average is $97.38 and its 200-day simple moving average is $99.82.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.01. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 7.13 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 136.23%.

About Fidelity National Information Services

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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