Millington Financial Advisors LLC Acquires Shares of 20,410 Fidelity National Information Services, Inc. (NYSE:FIS)

Millington Financial Advisors LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,410 shares of the information technology services provider’s stock, valued at approximately $1,226,000.

A number of other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in Fidelity National Information Services in the 3rd quarter valued at about $25,000. Baystate Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 372 shares in the last quarter. BKM Wealth Management LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $40,000. Finally, ORG Partners LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS traded up $0.60 during midday trading on Tuesday, hitting $71.90. The stock had a trading volume of 4,255,912 shares, compared to its average volume of 4,443,246. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $69.40 and a 200 day moving average of $61.51.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. Fidelity National Information Services’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $1.71 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Fidelity National Information Services announced that its board has authorized a share buyback program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Thursday, April 11th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Evercore ISI raised their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Morgan Stanley increased their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, UBS Group boosted their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

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.