Erste Asset Management GmbH Invests $4.48 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Erste Asset Management GmbH acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,900 shares of the information technology services provider’s stock, valued at approximately $4,481,000.

Several other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $59,000. Timber Creek Capital Management LLC raised its position in Fidelity National Information Services by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 43,726 shares of the information technology services provider’s stock valued at $3,662,000 after purchasing an additional 227 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth $1,446,000. Point72 Europe London LLP bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $6,532,000. Finally, Verition Fund Management LLC increased its stake in shares of Fidelity National Information Services by 428.6% during the third quarter. Verition Fund Management LLC now owns 164,427 shares of the information technology services provider’s stock valued at $13,771,000 after buying an additional 133,323 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.2 %

FIS stock opened at $85.13 on Tuesday. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $45.83 billion, a P/E ratio of 33.92, a PEG ratio of 0.72 and a beta of 1.06. The company’s 50-day simple moving average is $87.02 and its 200-day simple moving average is $81.03.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.94 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FIS shares. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America upped their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction 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 acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 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.