CX Institutional Grows Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

CX Institutional raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 23.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,477 shares of the information technology services provider’s stock after purchasing an additional 1,055 shares during the period. CX Institutional’s holdings in Fidelity National Information Services were worth $442,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates increased its position in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after acquiring an additional 3,357,329 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after purchasing an additional 538,514 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Fidelity National Information Services by 409.5% in the 2nd quarter. Mackenzie Financial Corp now owns 429,092 shares of the information technology services provider’s stock worth $32,336,000 after buying an additional 344,869 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Fidelity National Information Services by 89.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock valued at $52,846,000 after buying an additional 297,266 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $79.24 on Friday. The firm has a market capitalization of $42.66 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12 month low of $60.39 and a 12 month high of $91.98. The business’s 50-day moving average price is $82.18 and its 200-day moving average price is $82.37.

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 the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIS. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price for the company. Stephens upped 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 Friday, October 18th. Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

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.