Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 15.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 140,153 shares of the information technology services provider’s stock after purchasing an additional 18,569 shares during the period. Nisa Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $11,738,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Fidelity National Information Services by 3.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,857 shares of the information technology services provider’s stock worth $491,000 after buying an additional 184 shares during the last quarter. Concord Wealth Partners lifted its position in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Fidelity National Information Services by 4.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 63,375 shares of the information technology services provider’s stock valued at $5,307,000 after purchasing an additional 2,850 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Fidelity National Information Services by 10.0% in the third quarter. GHP Investment Advisors Inc. now owns 25,592 shares of the information technology services provider’s stock valued at $2,143,000 after purchasing an additional 2,326 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity National Information Services by 13.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 100,446 shares of the information technology services provider’s stock worth $8,412,000 after purchasing an additional 11,932 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent research reports. Oppenheimer started coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Bank of America boosted their price target on shares of 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. Barclays raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Stephens lifted 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $90.77 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $47.97 and a twelve month high of $91.44. The company has a market capitalization of $50.49 billion, a P/E ratio of -8.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $85.04 and a two-hundred day moving average price of $78.60.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.