Fidelity National Information Services, Inc. (FIS) Stake Boosted by FDx Advisors Inc.

FDx Advisors Inc. lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,467 shares of the information technology services provider’s stock after purchasing an additional 1,601 shares during the quarter. FDx Advisors Inc.’s holdings in Fidelity National Information Services were worth $1,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. NN Investment Partners Holdings N.V. boosted its position in shares of Fidelity National Information Services by 15.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 2,261 shares of the information technology services provider’s stock worth $193,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Fidelity National Information Services by 11.1% during the second quarter. State of Alaska Department of Revenue now owns 5,113 shares of the information technology services provider’s stock worth $436,000 after purchasing an additional 510 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Fidelity National Information Services by 1.7% during the second quarter. LS Investment Advisors LLC now owns 14,324 shares of the information technology services provider’s stock worth $1,223,000 after purchasing an additional 240 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Fidelity National Information Services by 0.8% during the second quarter. Nisa Investment Advisors LLC now owns 127,276 shares of the information technology services provider’s stock worth $10,870,000 after purchasing an additional 979 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Fidelity National Information Services by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the information technology services provider’s stock worth $1,751,000 after purchasing an additional 300 shares in the last quarter. 86.15% of the stock is currently owned by institutional investors.

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Shares of Fidelity National Information Services, Inc. (FIS) opened at $92.85 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. Fidelity National Information Services, Inc. has a 52 week low of $73.97 and a 52 week high of $96.67. The stock has a market cap of $30,969.64, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.00 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.25%. Fidelity National Information Services’s payout ratio is currently 71.60%.

Fidelity National Information Services declared that its board has authorized a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently weighed in on FIS. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Services in a research report on Sunday. KeyCorp reissued a “buy” rating on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. Oppenheimer Holdings, Inc. boosted their price objective on shares of Fidelity National Information Services from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. J P Morgan Chase & Co cut their price objective on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $108.00 price objective (up from $100.00) on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Fidelity National Information Services presently has an average rating of “Buy” and a consensus target price of $98.38.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 8,486 shares of Fidelity National Information Services stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total value of $779,608.82. Following the sale, the director now directly owns 12,317 shares in the company, valued at approximately $1,131,562.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the transaction, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by insiders.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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