Fidelity National Information Services, Inc. (NYSE:FIS) Position Lifted by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 51.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,502 shares of the information technology services provider’s stock after acquiring an additional 4,246 shares during the period. Carnegie Investment Counsel’s holdings in Fidelity National Information Services were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fidelity National Information Services Trading Up 1.2 %

Shares of NYSE:FIS opened at $87.79 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $87.96. 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 firm has a market capitalization of $48.83 billion, a P/E ratio of -8.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The firm has a fifty day moving average of $82.09 and a two-hundred day moving average of $77.17.

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 for the quarter, topping the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Analyst Ratings Changes

Several equities analysts have commented on FIS shares. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Susquehanna upped their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley downgraded shares of 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating, twelve 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 presently has an average rating of “Moderate Buy” and an average target price of $81.65.

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.