Millington Financial Advisors LLC Acquires 2,195 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Millington Financial Advisors LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,749 shares of the information technology services provider’s stock after acquiring an additional 2,195 shares during the period. Fidelity National Information Services comprises approximately 1.2% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Millington Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $1,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kennebec Savings Bank raised its stake in 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 worth $33,000 after buying an additional 186 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $40,000. CoreCap Advisors LLC raised its stake in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Avion Wealth increased its holdings in Fidelity National Information Services by 503.0% in the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider’s stock worth $49,000 after buying an additional 508 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents 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 this hyperlink. 0.21% of the stock is owned by insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $81.22 on Monday. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The business’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $77.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $42.67 billion, a P/E ratio of 31.12, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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. 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 return on equity of 17.30% and a net margin of 14.54%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. 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

FIS has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group raised their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Compass Point lowered their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.75.

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.