Townsquare Capital LLC Buys 241 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Townsquare Capital LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 36,064 shares of the information technology services provider’s stock after buying an additional 241 shares during the period. Townsquare Capital LLC’s holdings in Fidelity National Information Services were worth $3,020,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after acquiring an additional 249,678 shares during the last quarter. Legal & General Group Plc lifted its position in Fidelity National Information Services by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the period. The Manufacturers Life Insurance Company grew its position 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 buying an additional 538,514 shares during the period. Raymond James & Associates grew its position in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the period. Finally, FMR LLC raised its stake in shares of Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after buying an additional 174,673 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Stephens raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price target 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. Finally, Compass Point began coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.50.

Fidelity National Information Services Trading Down 0.3 %

NYSE:FIS opened at $85.33 on Friday. The company has a market cap of $45.94 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $57.13 and a twelve month high of $91.98. The business has a 50 day moving average price of $87.02 and a two-hundred day moving average price of $80.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its 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 business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, analysts expect 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. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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.