1832 Asset Management L.P. Invests $3.53 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

1832 Asset Management L.P. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,900 shares of the information technology services provider’s stock, valued at approximately $3,534,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares in the last quarter. FIL Ltd boosted its stake in Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after buying an additional 2,758,049 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Fidelity National Information Services by 6.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after acquiring an additional 537,180 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Fidelity National Information Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after acquiring an additional 249,678 shares during the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Fidelity National Information Services by 15.3% during the 4th quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock worth $271,692,000 after acquiring an additional 598,902 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Down 0.4 %

NYSE FIS opened at $84.03 on Wednesday. The firm has a market cap of $46.74 billion, a PE ratio of -8.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $79.50 and a 200 day moving average price of $75.79.

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, beating 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 firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost 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 $750,510.51. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research reports. Barclays increased 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 research report on Thursday, August 8th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Susquehanna upped their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. UBS Group lifted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.25.

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.