Empirical Finance LLC Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Empirical Finance LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,063 shares of the information technology services provider’s stock after acquiring an additional 328 shares during the quarter. Empirical Finance LLC’s holdings in Fidelity National Information Services were worth $1,680,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Fidelity National Information Services in the first quarter worth $360,000. Westfield Capital Management Co. LP acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at about $4,855,000. Vanguard Group Inc. lifted its position in shares of 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 worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. TIAA Trust National Association grew its stake in Fidelity National Information Services by 3.1% in the first quarter. TIAA Trust National Association now owns 7,410 shares of the information technology services provider’s stock worth $550,000 after purchasing an additional 224 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Fidelity National Information Services by 203.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider’s stock valued at $2,189,000 after buying an additional 19,775 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIS shares. Susquehanna lifted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Bank of America lifted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.68.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $87.82 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $53.76 and a 52-week high of $91.98. The firm has a market capitalization of $47.28 billion, a PE ratio of 34.99, a P/E/G ratio of 0.75 and a beta of 1.06. The firm has a 50-day moving average price of $86.67 and a 200 day moving average price of $80.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.