Lake Street Advisors Group LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Lake Street Advisors Group LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,219 shares of the information technology services provider’s stock, valued at approximately $461,000.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Fidelity National Information Services by 2.8% in the 1st quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider’s stock worth $950,000 after buying an additional 348 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Fidelity National Information Services by 286.2% in the first quarter. UniSuper Management Pty Ltd now owns 20,961 shares of the information technology services provider’s stock worth $1,555,000 after acquiring an additional 15,534 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Fidelity National Information Services by 203.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider’s stock valued at $2,189,000 after purchasing an additional 19,775 shares during the period. TIAA Trust National Association raised its position in Fidelity National Information Services by 3.1% during the first quarter. TIAA Trust National Association now owns 7,410 shares of the information technology services provider’s stock valued at $550,000 after purchasing an additional 224 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Up 0.3 %

NYSE:FIS traded up $0.23 during trading hours on Wednesday, reaching $75.33. The company’s stock had a trading volume of 2,643,775 shares, compared to its average volume of 4,215,239. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $41.90 billion, a P/E ratio of -7.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The stock has a 50 day moving average price of $76.06 and a two-hundred day moving average price of $70.67. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.91%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Analyst Ratings Changes

Several analysts recently weighed in on FIS shares. Wedbush restated an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Royal Bank of Canada upped their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Barclays raised their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, Bank of America upped their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $79.42.

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.