Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by RMB Capital Management LLC

RMB Capital Management LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,109 shares of the information technology services provider’s stock after purchasing an additional 260 shares during the period. RMB Capital Management LLC’s holdings in Fidelity National Information Services were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its stake in Fidelity National Information Services by 248.3% during the first quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 221 shares during the last quarter. Covestor Ltd acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $35,000. Hazlett Burt & Watson Inc. acquired a new stake in Fidelity National Information Services during the first quarter valued at approximately $35,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Fidelity National Information Services during the first quarter valued at approximately $41,000. Finally, Missouri Trust & Investment Co acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $48,000. 89.51% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $97.37 on Friday. The company’s fifty day moving average is $97.38 and its 200-day moving average is $99.82. Fidelity National Information Services, Inc. has a 12 month low of $85.00 and a 12 month high of $135.62. The firm has a market cap of $59.20 billion, a price-to-earnings ratio of 70.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.01. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. Fidelity National Information Services’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. Equities analysts expect that Fidelity National Information Services, Inc. will post 7.13 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 136.23%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Fidelity National Information Services from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Citigroup reduced their price target on shares of Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Fidelity National Information Services from $155.00 to $116.00 in a research report on Wednesday, April 20th. Finally, The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a research report on Tuesday, May 17th. They issued a “buy” rating and a $128.00 price target for the company. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $129.23.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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