International Assets Investment Management LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 6,330.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,770 shares of the information technology services provider’s stock after purchasing an additional 20,447 shares during the period. International Assets Investment Management LLC’s holdings in Fidelity National Information Services were worth $17,390,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Cadence Bank lifted its holdings in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after purchasing an additional 135 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after purchasing an additional 143 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after purchasing an additional 148 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.
Analyst Ratings Changes
FIS has been the topic of a number of recent research reports. Bank of America lifted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. UBS Group lifted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Stephens lifted their target price 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. Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.30.
Insider Buying and Selling 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 purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
Fidelity National Information Services Stock Down 0.9 %
FIS opened at $90.01 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $47.31 and a 1-year high of $91.28. The stock’s fifty day simple moving average is $84.81 and its 200 day simple moving average is $78.51. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock has a market cap of $50.07 billion, a PE ratio of -8.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its quarterly 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 return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.
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.
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