NorthCrest Asset Manangement LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) 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
Read Our Latest Report on Fidelity National Information Services
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 – Get Free Report) 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.
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