RBA Wealth Management LLC Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

RBA Wealth Management LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,531 shares of the information technology services provider’s stock after purchasing an additional 796 shares during the period. RBA Wealth Management LLC’s holdings in Fidelity National Information Services were worth $4,316,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cadence Bank increased its position in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Fidelity National Information Services by 3.4% in the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares in the last quarter. Manchester Capital Management LLC raised its position in Fidelity National Information Services by 6.8% during the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after acquiring an additional 143 shares in the last quarter. SageView Advisory Group LLC grew its holdings in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after purchasing an additional 148 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Fidelity National Information Services by 2.4% in the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after acquiring an additional 169 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.9 %

NYSE:FIS traded down $0.80 during mid-day trading on Tuesday, reaching $89.86. 1,481,943 shares of the company’s stock traded hands, compared to its average volume of 3,767,150. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The company has a 50 day moving average price of $83.43 and a 200-day moving average price of $77.77. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $91.14. The firm has a market capitalization of $49.98 billion, a price-to-earnings ratio of -8.81, a PEG ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FIS. Bank of America lifted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen boosted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.30.

About Fidelity National Information Services

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.