Creative Planning Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Creative Planning grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,023 shares of the information technology services provider’s stock after purchasing an additional 4,452 shares during the period. Creative Planning’s holdings in Fidelity National Information Services were worth $5,781,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIS. Vanguard Group Inc. raised its stake in 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 buying an additional 11,023,109 shares during the last quarter. Boston Partners raised its position in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at about $83,562,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $89.90 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day simple moving average of $83.89 and a two-hundred day simple moving average of $77.97. The firm has a market capitalization of $50.01 billion, a PE ratio of -8.79, a P/E/G ratio of 0.77 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 $91.14.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) 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 company 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 company posted $1.55 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIS. JPMorgan Chase & Co. upped 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 research note on Tuesday, August 20th. UBS Group upped their price objective on 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. Oppenheimer started coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Stephens upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services 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.