QRG Capital Management Inc. Acquires 2,983 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

QRG Capital Management Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,548 shares of the information technology services provider’s stock after purchasing an additional 2,983 shares during the period. QRG Capital Management Inc.’s holdings in Fidelity National Information Services were worth $3,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the second quarter worth about $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the second quarter worth about $35,000. Concord Wealth Partners raised its position in 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 buying an additional 146 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $45,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FIS shares. Susquehanna lifted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday. Jefferies Financial Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.2 %

Shares of NYSE:FIS opened at $86.41 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $49.91 and a 12-month high of $91.98. The business has a 50 day moving average of $85.85 and a 200-day moving average of $79.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock has a market cap of $47.14 billion, a PE ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06.

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 analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.