Ninety One SA PTY Ltd Buys 100 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

Ninety One SA PTY Ltd boosted its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,241 shares of the information technology services provider’s stock after purchasing an additional 100 shares during the quarter. Fidelity National Information Servcs comprises 0.8% of Ninety One SA PTY Ltd’s holdings, making the stock its 26th largest position. Ninety One SA PTY Ltd’s holdings in Fidelity National Information Servcs were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Viking Global Investors LP boosted its stake in shares of Fidelity National Information Servcs by 584.9% in the 1st quarter. Viking Global Investors LP now owns 3,799,548 shares of the information technology services provider’s stock valued at $462,177,000 after purchasing an additional 3,244,748 shares in the last quarter. FMR LLC lifted its holdings in Fidelity National Information Servcs by 10.7% during the 2nd quarter. FMR LLC now owns 18,225,747 shares of the information technology services provider’s stock valued at $2,443,890,000 after purchasing an additional 1,766,938 shares during the last quarter. Korea Investment CORP lifted its holdings in Fidelity National Information Servcs by 196.5% during the 1st quarter. Korea Investment CORP now owns 742,499 shares of the information technology services provider’s stock valued at $90,318,000 after purchasing an additional 1,511,672 shares during the last quarter. Wellington Management Group LLP boosted its position in Fidelity National Information Servcs by 16.5% in the first quarter. Wellington Management Group LLP now owns 7,893,493 shares of the information technology services provider’s stock valued at $960,165,000 after buying an additional 1,117,784 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Fidelity National Information Servcs by 2.5% during the second quarter. BlackRock Inc. now owns 42,611,292 shares of the information technology services provider’s stock worth $5,713,750,000 after buying an additional 1,029,039 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

FIS traded up $2.27 during midday trading on Tuesday, reaching $148.50. 2,848,100 shares of the company were exchanged, compared to its average volume of 3,965,419. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.71 and a current ratio of 0.71. Fidelity National Information Servcs Inc has a one year low of $91.68 and a one year high of $158.21. The stock has a market capitalization of $90.60 billion, a P/E ratio of 1,855.86, a PEG ratio of 1.53 and a beta of 0.73. The stock’s 50-day simple moving average is $146.32 and its 200 day simple moving average is $135.28.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.06. Fidelity National Information Servcs had a return on equity of 6.60% and a net margin of 0.25%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the business posted $1.78 EPS. Fidelity National Information Servcs’s revenue was up 40.2% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Servcs Inc will post 5.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.40 annualized dividend and a yield of 0.94%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.96%.

In other Fidelity National Information Servcs news, COO Stephanie Ferris sold 6,583 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $150.75, for a total value of $992,387.25. Following the completion of the transaction, the chief operating officer now directly owns 32,020 shares of the company’s stock, valued at $4,827,015. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith W. Hughes sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $151.40, for a total value of $757,000.00. Over the last quarter, insiders sold 122,776 shares of company stock worth $17,322,864. Company insiders own 0.70% of the company’s stock.

Several research analysts have recently commented on FIS shares. Oppenheimer boosted their target price on Fidelity National Information Servcs from $145.00 to $161.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. KeyCorp boosted their price objective on Fidelity National Information Servcs from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Argus assumed coverage on Fidelity National Information Servcs in a research note on Tuesday, July 14th. They issued a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Servcs from $154.00 to $168.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Finally, Raymond James raised their price objective on shares of Fidelity National Information Servcs from $170.00 to $172.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus target price of $161.88.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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