Acadian Asset Management LLC Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Acadian Asset Management LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 885.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,565 shares of the information technology services provider’s stock after acquiring an additional 18,479 shares during the period. Acadian Asset Management LLC’s holdings in Fidelity National Information Services were worth $1,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Rise Advisors LLC bought a new position in Fidelity National Information Services during the 1st quarter worth approximately $29,000. Delta Asset Management LLC TN grew its position in Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 450 shares during the last quarter. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Down 0.1 %

Fidelity National Information Services stock opened at $84.14 on Monday. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The stock has a fifty day simple moving average of $78.22 and a two-hundred day simple moving average of $75.05. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $84.77. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. Fidelity National Information Services’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley cut Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.65.

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.