IFM Investors Pty Ltd Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

IFM Investors Pty Ltd raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,906 shares of the information technology services provider’s stock after purchasing an additional 5,581 shares during the period. IFM Investors Pty Ltd’s holdings in Fidelity National Information Services were worth $7,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIS. Juncture Wealth Strategies LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $415,000. Arden Trust Co raised its position in shares of Fidelity National Information Services by 20.2% in the third quarter. Arden Trust Co now owns 5,892 shares of the information technology services provider’s stock valued at $868,000 after buying an additional 991 shares during the last quarter. Evolution Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 71.0% in the third quarter. Evolution Wealth Advisors LLC now owns 183 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Ninepoint Partners LP acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $396,000. Finally, DAVENPORT & Co LLC raised its position in shares of Fidelity National Information Services by 2.3% in the third quarter. DAVENPORT & Co LLC now owns 3,892 shares of the information technology services provider’s stock valued at $573,000 after buying an additional 89 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE FIS remained flat at $$143.88 during midday trading on Friday. 3,520,825 shares of the stock traded hands, compared to its average volume of 3,822,967. Fidelity National Information Services, Inc. has a twelve month low of $91.68 and a twelve month high of $158.21. The company’s 50-day moving average price is $147.38 and its two-hundred day moving average price is $138.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $89.15 billion, a price-to-earnings ratio of 1,798.72, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.06. Fidelity National Information Services had a net margin of 0.25% and a return on equity of 6.60%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.97%. Fidelity National Information Services’s dividend payout ratio is currently 24.96%.

In related news, insider Martin Boyd sold 21,606 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $146.23, for a total value of $3,159,445.38. Following the completion of the transaction, the insider now owns 8,870 shares in the company, valued at $1,297,060.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 4,047 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $147.63, for a total transaction of $597,458.61. Following the completion of the transaction, the executive vice president now owns 15,825 shares of the company’s stock, valued at approximately $2,336,244.75. The disclosure for this sale can be found here. Insiders sold 52,365 shares of company stock valued at $7,686,182 in the last quarter. 0.70% of the stock is owned by insiders.

Several equities research analysts recently issued reports on FIS shares. Rosenblatt Securities raised their price objective on shares of Fidelity National Information Services from $155.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Mizuho started coverage on shares of Fidelity National Information Services in a research report on Wednesday, August 26th. They set a “buy” rating and a $165.00 price objective for the company. Citigroup raised their price objective on shares of Fidelity National Information Services from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $170.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company raised their price objective on shares of Fidelity National Information Services from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $161.19.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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