Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,159 shares of the information technology services provider’s stock after purchasing an additional 2,502 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Fidelity National Information Services were worth $1,356,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kennebec Savings Bank grew its position in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 186 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. CoreCap Advisors LLC lifted its stake in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 509 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Fidelity National Information Services by 139.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 371 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Fidelity National Information Services by 109.8% during the first quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 403 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $80.91 on Tuesday. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The firm has a fifty day moving average of $77.82 and a 200-day moving average of $77.19. The firm has a market capitalization of $42.51 billion, a P/E ratio of 31.00, a PEG ratio of 1.23 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a “hold” rating and a $84.00 price objective on the stock. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, UBS Group upped their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.75.

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.