Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,978 shares of the information technology services provider’s stock after selling 2,635 shares during the period. IFM Investors Pty Ltd’s holdings in Fidelity National Information Services were worth $10,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Vanguard Group Inc. grew its holdings in shares of Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Fidelity National Information Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after acquiring an additional 249,678 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after acquiring an additional 75,429 shares during the period. Boston Partners boosted its stake in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the period. Finally, Raymond James & Associates boosted its stake in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. TD Cowen lifted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $90.33 on Friday. The business has a 50 day moving average price of $83.89 and a 200 day moving average price of $77.97. The company has a market capitalization of $50.25 billion, a P/E ratio of -8.83, a PEG ratio of 0.77 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $91.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

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.