River Global Investors LLP Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

River Global Investors LLP lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,566 shares of the information technology services provider’s stock after acquiring an additional 860 shares during the quarter. River Global Investors LLP’s holdings in Fidelity National Information Services were worth $1,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FIS. GSA Capital Partners LLP increased its position in shares of Fidelity National Information Services by 11.8% during the first quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider’s stock worth $475,000 after acquiring an additional 677 shares during the period. Empowered Funds LLC increased its holdings in Fidelity National Information Services by 289.3% during the first quarter. Empowered Funds LLC now owns 24,486 shares of the information technology services provider’s stock valued at $1,816,000 after buying an additional 18,196 shares during the period. Sei Investments Co. increased its holdings in Fidelity National Information Services by 2.1% during the first quarter. Sei Investments Co. now owns 478,979 shares of the information technology services provider’s stock valued at $35,531,000 after buying an additional 9,782 shares during the period. NorthRock Partners LLC purchased a new position in Fidelity National Information Services during the first quarter valued at approximately $218,000. Finally, Meeder Advisory Services Inc. increased its holdings in Fidelity National Information Services by 10.9% during the first quarter. Meeder Advisory Services Inc. now owns 9,266 shares of the information technology services provider’s stock valued at $687,000 after buying an additional 914 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.39 on Friday, hitting $88.07. 3,113,264 shares of the company were exchanged, compared to its average volume of 3,249,951. The firm has a market capitalization of $47.41 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The stock’s 50 day moving average price is $86.07 and its 200 day moving average price is $79.39. Fidelity National Information Services, Inc. has a 1-year low of $51.57 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.21 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Susquehanna lifted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $89.68.

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.