Vinva Investment Management Ltd Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Vinva Investment Management Ltd boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 69.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,896 shares of the information technology services provider’s stock after buying an additional 99,989 shares during the quarter. Fidelity National Information Services makes up 0.9% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 15th largest holding. Vinva Investment Management Ltd’s holdings in Fidelity National Information Services were worth $20,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners grew its stake in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company grew its stake in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after purchasing an additional 3,535,596 shares during the period. Raymond James & Associates grew its stake in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. bought a new position in Fidelity National Information Services in the 2nd quarter valued at $83,562,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth $40,029,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $85.55 on Thursday. The business’s 50-day moving average price is $86.97 and its two-hundred day moving average price is $80.87. Fidelity National Information Services, Inc. has a twelve month low of $55.98 and a twelve month high of $91.98. The stock has a market cap of $46.06 billion, a P/E ratio of 34.08, a PEG ratio of 0.71 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIS shares. Barclays increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services 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.