Fidelity National Information Services, Inc. (NYSE:FIS) Position Increased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 53.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,121 shares of the information technology services provider’s stock after buying an additional 9,056 shares during the period. Verdence Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new position in shares of Fidelity National Information Services in the 1st quarter worth approximately $276,000. Brown Advisory Inc. lifted its holdings in Fidelity National Information Services by 16.7% during the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock worth $24,594,000 after buying an additional 47,086 shares during the period. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $347,000. Compass Wealth Management LLC grew its position in Fidelity National Information Services by 13.5% during the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider’s stock worth $5,810,000 after purchasing an additional 9,251 shares during the period. Finally, Meritage Portfolio Management lifted its stake in Fidelity National Information Services by 43.9% in the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider’s stock valued at $6,166,000 after buying an additional 25,203 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 1.8%

Fidelity National Information Services stock opened at $80.80 on Friday. The company has a 50 day moving average price of $80.06 and a 200 day moving average price of $76.85. The firm has a market capitalization of $42.45 billion, a price-to-earnings ratio of 53.51 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.98%. Fidelity National Information Services’s payout ratio is currently 105.96%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FIS. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Oppenheimer raised shares of 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. Finally, UBS Group increased 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 issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

About Fidelity National Information Services

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.