NorthCrest Asset Manangement LLC Purchases 678 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

NorthCrest Asset Manangement LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,267 shares of the information technology services provider’s stock after buying an additional 678 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Fidelity National Information Services were worth $2,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the second quarter valued at approximately $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter worth $37,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $45,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group raised their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Barclays boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Susquehanna lifted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $89.72 on Friday. The firm has a market capitalization of $49.91 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 0.77 and a beta of 1.08. The stock has a fifty day moving average of $84.35 and a 200 day moving average of $78.21. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $91.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its 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 net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is presently -14.08%.

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.