Miracle Mile Advisors LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,404 shares of the information technology services provider’s stock, valued at approximately $1,002,000.
Several other hedge funds have also made changes to their positions in FIS. The Manufacturers Life Insurance Company lifted its holdings in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after buying an additional 3,535,596 shares during the period. Raymond James & Associates lifted its holdings in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the period. Nordea Investment Management AB lifted its stake in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after purchasing an additional 562,154 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $40,029,000. Finally, Fernbridge Capital Management LP lifted its stake in shares of Fidelity National Information Services by 67.2% during the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock worth $86,900,000 after purchasing an additional 463,613 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
FIS has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research note on Tuesday. They set an “equal weight” rating and a $88.00 price objective for the company. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Stephens upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective for the company. Finally, Mizuho upped their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $92.00.
Fidelity National Information Services Stock Down 0.2 %
Fidelity National Information Services stock opened at $78.48 on Wednesday. The firm has a market cap of $42.25 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52 week low of $58.24 and a 52 week high of $91.98. The business’s 50-day moving average price is $83.63 and its 200 day moving average price is $82.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results 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. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.
Insiders Place Their Bets
In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.
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.
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