Michels Family Financial LLC Makes New $531,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Michels Family Financial LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,577 shares of the information technology services provider’s stock, valued at approximately $531,000.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Fidelity National Information Services in the fourth quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $40,000. CoreCap Advisors LLC grew its position in Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after purchasing an additional 509 shares in the last quarter. Sound Income Strategies LLC grew its position in Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 250 shares in the last quarter. Finally, Avion Wealth grew its position in Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.0%

FIS stock opened at $78.33 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a fifty day simple moving average of $75.54 and a 200 day simple moving average of $78.05. The firm has a market cap of $41.15 billion, a PE ratio of 30.01, a PEG ratio of 1.23 and a beta of 1.08.

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, beating the consensus estimate of $1.20 by $0.01. The business 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%. Fidelity National Information Services’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio is 105.96%.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, April 4th. Morgan Stanley lowered their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, UBS Group lifted their target price 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.11.

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.