Millington Financial Advisors LLC Acquires Shares of 20,410 Fidelity National Information Services, Inc. (NYSE:FIS)

Millington Financial Advisors LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,410 shares of the information technology services provider’s stock, valued at approximately $1,226,000.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $25,000. Baystate Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $35,000. Criterion Capital Advisors LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. Finally, ORG Partners LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $48,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 0.8 %

Shares of NYSE FIS traded up $0.60 during mid-day trading on Tuesday, hitting $71.90. The stock had a trading volume of 4,255,912 shares, compared to its average volume of 4,443,246. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50 day moving average of $69.40 and a two-hundred day moving average of $61.51. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services announced that its Board of Directors has approved a share repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on FIS shares. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Evercore ISI upped their price objective on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. UBS Group increased their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.68% of the company’s stock.

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.