Verdence Capital Advisors LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 309.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,568 shares of the information technology services provider's stock after purchasing an additional 8,743 shares during the period. Verdence Capital Advisors LLC's holdings in Fidelity National Information Services were worth $969,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Linden Thomas Advisory Services LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at $1,253,000. CENTRAL TRUST Co boosted its stake in shares of 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 acquiring an additional 10,452 shares during the last quarter. SG Americas Securities LLC raised its stake in Fidelity National Information Services by 572.2% in the 2nd 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 last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock valued at $60,300,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock worth $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.
FIS has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Morgan Stanley raised their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $89.68.
View Our Latest Stock Analysis on FIS
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.
Shares of NYSE:FIS opened at $88.07 on Monday. The business's 50-day simple moving average is $86.07 and its 200 day simple moving average is $79.44. The company has a market cap of $47.41 billion, a P/E ratio of 35.09, a PEG ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a one year low of $51.57 and a one year high of $91.98.
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 analysts' consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.
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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