Border to Coast Pensions Partnership Ltd Purchases 10,432 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Border to Coast Pensions Partnership Ltd lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 244,550 shares of the information technology services provider’s stock after purchasing an additional 10,432 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Fidelity National Information Services were worth $20,421,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $190,000. Mather Group LLC. bought a new position in shares of Fidelity National Information Services in the 1st quarter worth $86,000. &PARTNERS raised its position in shares of Fidelity National Information Services by 16.3% during the 1st quarter. &PARTNERS now owns 4,148 shares of the information technology services provider’s stock valued at $308,000 after buying an additional 580 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at $2,337,000. Finally, Triad Investment Management lifted its holdings in shares of Fidelity National Information Services by 6.1% during the 1st quarter. Triad Investment Management now owns 39,134 shares of the information technology services provider’s stock worth $2,903,000 after acquiring an additional 2,234 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.4 %

NYSE:FIS traded down $0.33 on Monday, reaching $90.62. 1,145,862 shares of the stock traded hands, compared to its average volume of 3,770,812. The company’s fifty day simple moving average is $83.14 and its 200 day simple moving average is $77.64. The company has a market capitalization of $50.41 billion, a price-to-earnings ratio of -8.89, a PEG ratio of 0.77 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $91.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $1.55 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. TD Cowen lifted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Company 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.