State of New Jersey Common Pension Fund D Sells 8,575 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

State of New Jersey Common Pension Fund D reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,616 shares of the information technology services provider’s stock after selling 8,575 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Fidelity National Information Services were worth $17,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in FIS. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services in the 2nd quarter worth about $30,000. Concord Wealth Partners raised its position in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $35,000. Finally, LRI Investments LLC acquired a new stake in Fidelity National Information Services during the first quarter worth about $46,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 1.6 %

Shares of NYSE FIS traded up $1.39 during midday trading on Friday, hitting $88.07. The stock had a trading volume of 3,113,264 shares, compared to its average volume of 3,249,951. The company has a market cap of $47.41 billion, a P/E ratio of 35.09, a PEG ratio of 0.73 and a beta of 1.06. The business’s 50 day moving average is $86.07 and its 200-day moving average is $79.44. Fidelity National Information Services, Inc. has a 52 week low of $51.57 and a 52 week high of $91.98. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.21 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group lifted 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 report on Wednesday, October 16th. Finally, Morgan Stanley lifted their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $89.68.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate 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.