Artemis Investment Management LLP Has $31.50 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Artemis Investment Management LLP lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,146 shares of the information technology services provider’s stock after acquiring an additional 100,643 shares during the period. Artemis Investment Management LLP owned approximately 0.07% of Fidelity National Information Services worth $31,502,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Fidelity National Information Services during the 1st quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the second quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the second quarter worth about $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services in the 2nd quarter worth about $35,000. Finally, Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at about $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 1.9 %

FIS opened at $85.91 on Wednesday. The company has a market cap of $47.79 billion, a P/E ratio of -8.40, a P/E/G ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $86.15. The business’s 50-day moving average price is $80.94 and its 200-day moving average price is $76.66. 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 earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. The firm 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 revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.55 earnings per share. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders 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 yield of 1.68%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays boosted their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. UBS Group increased their price target on shares of 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. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Finally, TD Cowen raised their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction on 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 transaction, the director now owns 9,771 shares in the company, valued at $750,510.51. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.