Artemis Investment Management LLP Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Artemis Investment Management LLP boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 310.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,024 shares of the information technology services provider’s stock after acquiring an additional 177,007 shares during the period. Artemis Investment Management LLP’s holdings in Fidelity National Information Services were worth $17,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIS. Vanguard Group Inc. increased its holdings in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock valued at $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. FIL Ltd increased its stake in shares of Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after acquiring an additional 2,758,049 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after acquiring an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after acquiring an additional 537,180 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $478,594,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 1.0 %

FIS opened at $75.36 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $41.92 billion, a price-to-earnings ratio of -7.37, a PEG ratio of 0.77 and a beta of 1.05. The business has a fifty day moving average price of $74.82 and a 200 day moving average price of $68.67. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. Susquehanna lifted their target price on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research note on Wednesday, May 8th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods raised their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada upped their price target on Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Company Profile

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.