Blueshift Asset Management LLC Purchases Shares of 4,079 Fidelity National Information Services, Inc. (NYSE:FIS)

Blueshift Asset Management LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,079 shares of the information technology services provider’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Fidelity National Information Services by 982.6% during 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 purchasing an additional 3,535,596 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Fidelity National Information Services by 449.8% during the third 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 in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $83,562,000. Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $40,029,000. Finally, Fernbridge Capital Management LP boosted its position in 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 acquiring an additional 463,613 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIS. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. Morgan Stanley boosted their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $85.55 on Friday. The company has a market capitalization of $46.06 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 0.71 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12 month low of $55.98 and a 12 month high of $91.98. The stock’s 50 day moving average is $86.99 and its 200-day moving average is $80.91.

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, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insiders Place Their Bets

In related 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 sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

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.