Stephens Inc. AR Buys New Holdings in Fidelity National Information Services, Inc. (FIS)

Stephens Inc. AR bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,184 shares of the information technology services provider’s stock, valued at approximately $204,000.

Other large investors have also made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of Fidelity National Information Services by 2.3% during the third quarter. Macquarie Group Ltd. now owns 169,123 shares of the information technology services provider’s stock worth $15,794,000 after acquiring an additional 3,845 shares during the period. SG Americas Securities LLC increased its stake in shares of Fidelity National Information Services by 17.8% during the third quarter. SG Americas Securities LLC now owns 12,606 shares of the information technology services provider’s stock worth $1,177,000 after acquiring an additional 1,903 shares during the period. Oak Ridge Investments LLC acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $7,413,000. Thompson Investment Management Inc. acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $201,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Fidelity National Information Services by 4.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 80,762 shares of the information technology services provider’s stock worth $7,542,000 after acquiring an additional 3,275 shares during the period. 86.68% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and set a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Stephens reiterated a “positive” rating and set a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Cowen Inc reiterated a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $99.20.

In other news, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at $26,109,156.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James B. Stallings, Jr. sold 8,486 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the sale, the director now owns 12,317 shares in the company, valued at $1,131,562.79. The disclosure for this sale can be found here. Insiders have sold 167,033 shares of company stock worth $15,433,548 over the last 90 days. 2.66% of the stock is currently owned by company insiders.

Fidelity National Information Services, Inc. (FIS) opened at $92.11 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Services, Inc. has a 1 year low of $73.97 and a 1 year high of $96.67. The firm has a market cap of $30,752.58, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.74 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, topping 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.26%. Fidelity National Information Services’s payout ratio is currently 71.60%.

Fidelity National Information Services announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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About Fidelity National Information Services

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.

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

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