Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 18.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,868 shares of the information technology services provider’s stock after purchasing an additional 1,838 shares during the quarter. GAMMA Investing LLC’s holdings in Fidelity National Information Services were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the second quarter valued at $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the second quarter worth about $35,000. Finally, Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services in the 1st quarter worth about $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was bought 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. This trade represents a 0.00 % increase in their ownership of the stock. The purchase 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 0.3 %

NYSE:FIS opened at $84.34 on Tuesday. The stock has a 50-day simple moving average of $80.76 and a 200 day simple moving average of $76.58. 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 market capitalization of $46.91 billion, a price-to-earnings ratio of -8.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.55 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given 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 of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FIS shares. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Morgan Stanley downgraded 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. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Ten 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.