Oppenheimer Asset Management Inc. Has $10.48 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 139,027 shares of the information technology services provider’s stock after selling 5,216 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Information Services were worth $10,477,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 19.1% in 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 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 raised its position in shares of Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after buying an additional 537,180 shares in the last quarter. Norges Bank acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $478,594,000. Finally, Parnassus Investments LLC boosted its stake in shares of Fidelity National Information Services by 15.3% in the 4th quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock valued at $271,692,000 after purchasing an additional 598,902 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $84.14 on Friday. The firm’s 50-day moving average price is $78.22 and its two-hundred day moving average price is $74.99. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $84.77. The stock has a market capitalization of $45.90 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS 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 analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given 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 (DPR) is presently -14.08%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their target price 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. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, TD Cowen lifted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

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.