Fernbridge Capital Management LP Buys 133,039 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Fernbridge Capital Management LP grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,286,173 shares of the information technology services provider’s stock after purchasing an additional 133,039 shares during the period. Fidelity National Information Services comprises about 6.6% of Fernbridge Capital Management LP’s holdings, making the stock its 4th largest position. Fernbridge Capital Management LP owned approximately 0.24% of Fidelity National Information Services worth $107,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC bought a new position in Fidelity National Information Services during the second quarter valued at about $1,253,000. CENTRAL TRUST Co grew its holdings in Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity National Information Services by 51.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after buying an additional 25,701 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.6 %

FIS stock opened at $84.91 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $55.24 and a 1-year high of $91.98. The business’s 50 day simple moving average is $86.95 and its 200 day simple moving average is $80.84. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $45.71 billion, a PE ratio of 33.83, a PEG ratio of 0.71 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current 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 given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.70%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FIS. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Compass Point assumed coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective for the company. Mizuho boosted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

About Fidelity National Information Services

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.