River Global Investors LLP Grows Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

River Global Investors LLP lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,566 shares of the information technology services provider’s stock after purchasing an additional 860 shares during the period. River Global Investors LLP’s holdings in Fidelity National Information Services were worth $1,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. GSA Capital Partners LLP increased its stake in shares of Fidelity National Information Services by 11.8% during the first quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider’s stock worth $475,000 after purchasing an additional 677 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Fidelity National Information Services by 289.3% during the first quarter. Empowered Funds LLC now owns 24,486 shares of the information technology services provider’s stock worth $1,816,000 after purchasing an additional 18,196 shares in the last quarter. Sei Investments Co. increased its stake in shares of Fidelity National Information Services by 2.1% during the first quarter. Sei Investments Co. now owns 478,979 shares of the information technology services provider’s stock worth $35,531,000 after purchasing an additional 9,782 shares in the last quarter. NorthRock Partners LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth about $218,000. Finally, Meeder Advisory Services Inc. increased its stake in shares of Fidelity National Information Services by 10.9% during the first quarter. Meeder Advisory Services Inc. now owns 9,266 shares of the information technology services provider’s stock worth $687,000 after purchasing an additional 914 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FIS shares. Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.68.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Up 1.6 %

Shares of FIS stock traded up $1.39 during trading hours on Friday, hitting $88.07. The company had a trading volume of 3,113,264 shares, compared to its average volume of 3,249,951. The company’s fifty day moving average is $86.07 and its 200 day moving average is $79.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $91.98. The stock has a market capitalization of $47.41 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.21 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. 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 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Fidelity National Information Services Company Profile

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.