Long Road Investment Counsel LLC Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Long Road Investment Counsel LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 32,920 shares of the information technology services provider’s stock after buying an additional 600 shares during the quarter. Fidelity National Information Services accounts for approximately 1.1% of Long Road Investment Counsel LLC’s portfolio, making the stock its 28th largest holding. Long Road Investment Counsel LLC’s holdings in Fidelity National Information Services were worth $2,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at about $29,000. Family Firm Inc. purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at about $37,000. Finally, LRI Investments LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at about $46,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on FIS. Barclays upped their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. UBS Group upped their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.4 %

Shares of NYSE FIS opened at $84.06 on Friday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s 50 day simple moving average is $79.19 and its two-hundred day simple moving average is $75.54. The stock has a market capitalization of $46.76 billion, a P/E ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08.

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

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

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.