Public Employees Retirement Association of Colorado Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Public Employees Retirement Association of Colorado reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,337 shares of the information technology services provider’s stock after selling 4,109 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Fidelity National Information Services were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Rise Advisors LLC purchased a new position in Fidelity National Information Services during the first quarter valued at $29,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the second quarter worth about $35,000. Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth about $37,000. Finally, Rothschild Investment LLC bought a new position in Fidelity National Information Services during the second quarter valued at approximately $45,000. Institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Keefe, Bruyette & Woods upped their price target on shares of 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. Susquehanna lifted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Barclays lifted their price target 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. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Fidelity National Information Services Price Performance

FIS stock opened at $84.06 on Monday. The business’s fifty day moving average price is $79.19 and its 200 day moving average price is $75.58. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $85.63. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $46.76 billion, a PE ratio of -8.22, a P/E/G ratio of 0.82 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. The business 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%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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

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.