Public Employees Retirement Association of Colorado Sells 5,760 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Public Employees Retirement Association of Colorado lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,446 shares of the information technology services provider’s stock after selling 5,760 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Fidelity National Information Services were worth $6,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in 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 buying an additional 11,023,109 shares during the period. FIL Ltd grew its position in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after purchasing an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the period. Finally, Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $478,594,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of analyst reports. Barclays raised their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. TD Cowen raised their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Mizuho raised their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Keefe, Bruyette & Woods raised their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley cut Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.42.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.41 on Monday, hitting $76.09. 870,263 shares of the company were exchanged, compared to its average volume of 4,170,612. The company has a 50-day moving average price of $75.94 and a 200 day moving average price of $70.90. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

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.