Scissortail Wealth Management LLC Has $2.56 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Scissortail Wealth Management LLC grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 8,315.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,726 shares of the information technology services provider’s stock after buying an additional 31,349 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Fidelity National Information Services were worth $2,563,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FIS. Bradley Foster & Sargent Inc. CT grew its position in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after buying an additional 128 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after acquiring an additional 129 shares during the last quarter. Modera Wealth Management LLC grew its holdings in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after acquiring an additional 137 shares during the period. Center for Financial Planning Inc. raised its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after acquiring an additional 138 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Fidelity National Information Services by 5.4% in the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 144 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Monday, April 21st. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $91.11.

Fidelity National Information Services Stock Up 1.3%

NYSE:FIS opened at $79.75 on Friday. The company has a market cap of $41.90 billion, a PE ratio of 30.56, a PEG ratio of 1.23 and a beta of 1.08. The stock has a 50-day simple moving average of $74.69 and a 200 day simple moving average of $78.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.33 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 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 Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.01%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

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.