Brighton Jones LLC Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Brighton Jones LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,805 shares of the information technology services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Fidelity National Information Services by 19.1% during the 1st 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 acquiring an additional 11,023,109 shares during the period. FIL Ltd grew its holdings in Fidelity National Information Services by 27.3% in the 4th 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 in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Fidelity National Information Services by 6.8% during the fourth 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 purchasing an additional 537,180 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after buying an additional 249,678 shares during the period. Finally, Parnassus Investments LLC boosted its stake in Fidelity National Information Services by 15.3% during the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock worth $271,692,000 after buying an additional 598,902 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

FIS stock opened at $84.06 on Monday. The company 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. 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 simple moving average of $79.19 and a 200 day simple moving average of $75.58. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63.

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. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective 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 report on Monday, July 22nd. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group upped their price target 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, Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.