Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by CX Institutional

CX Institutional grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 858 shares of the information technology services provider’s stock after purchasing an additional 223 shares during the quarter. CX Institutional’s holdings in Fidelity National Information Services were worth $126,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Fidelity National Information Services by 2.5% during the 2nd quarter. BlackRock Inc. now owns 42,611,292 shares of the information technology services provider’s stock valued at $5,713,750,000 after purchasing an additional 1,029,039 shares during the period. FMR LLC increased its position in shares of Fidelity National Information Services by 10.7% during the 2nd quarter. FMR LLC now owns 18,225,747 shares of the information technology services provider’s stock valued at $2,443,890,000 after purchasing an additional 1,766,938 shares during the period. Morgan Stanley increased its position in shares of Fidelity National Information Services by 10.6% during the 1st quarter. Morgan Stanley now owns 7,368,940 shares of the information technology services provider’s stock valued at $896,359,000 after purchasing an additional 705,855 shares during the period. Viking Global Investors LP increased its position in shares of Fidelity National Information Services by 76.7% during the 2nd quarter. Viking Global Investors LP now owns 6,714,021 shares of the information technology services provider’s stock valued at $900,283,000 after purchasing an additional 2,914,473 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Fidelity National Information Services by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 5,989,369 shares of the information technology services provider’s stock valued at $803,115,000 after purchasing an additional 159,199 shares during the period. Institutional investors own 89.82% of the company’s stock.

Several brokerages have recently issued reports on FIS. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $154.00 to $168.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Sanford C. Bernstein initiated coverage on Fidelity National Information Services in a research note on Tuesday, August 18th. They set an “outperform” rating and a $170.00 price objective for the company. Raymond James raised their price objective on Fidelity National Information Services from $170.00 to $172.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 5th. Citigroup raised their target price on Fidelity National Information Services from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Goldman Sachs Group began coverage on Fidelity National Information Services in a research report on Tuesday, July 14th. They issued a “buy” rating and a $164.00 target price for the company. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $161.19.

In other news, EVP Lenore D. Williams sold 4,047 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $147.63, for a total value of $597,458.61. Following the completion of the sale, the executive vice president now directly owns 15,825 shares of the company’s stock, valued at $2,336,244.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Martin Boyd sold 21,606 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $146.23, for a total value of $3,159,445.38. Following the completion of the sale, the insider now directly owns 8,870 shares of the company’s stock, valued at $1,297,060.10. The disclosure for this sale can be found here. Insiders sold 52,365 shares of company stock valued at $7,686,182 over the last three months. 0.70% of the stock is owned by company insiders.

NYSE FIS opened at $144.07 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $158.21. The stock’s 50-day moving average is $147.49 and its two-hundred day moving average is $138.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $89.27 billion, a P/E ratio of 1,801.10, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.06. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Fidelity National Information Services had a return on equity of 6.60% and a net margin of 0.25%. The firm’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.97%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 24.96%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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