Atlanta Consulting Group Advisors LLC Buys Shares of 4,082 Fidelity National Information Services, Inc. (NYSE:FIS)

Atlanta Consulting Group Advisors LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 4,082 shares of the information technology services provider’s stock, valued at approximately $342,000.

Other large investors have also made changes to their positions in the company. Boston Partners lifted its stake in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $83,562,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $40,029,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $87.82 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The business’s fifty day moving average price is $86.67 and its two-hundred day moving average price is $80.18. Fidelity National Information Services, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $91.98. The stock has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.94 EPS. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FIS. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Susquehanna raised their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, UBS Group upped their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $89.68.

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.