Great Lakes Retirement Inc. Acquires 467 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Great Lakes Retirement Inc. increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,464 shares of the information technology services provider’s stock after buying an additional 467 shares during the period. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the second quarter valued at about $1,253,000. SG Americas Securities LLC raised its position in shares of Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after acquiring an additional 11,655 shares in the last quarter. Mizuho Markets Americas LLC increased its stake in Fidelity National Information Services by 115.9% in the first 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 acquiring an additional 2,011,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Fidelity National Information Services by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock valued at $52,626,000 after purchasing an additional 106,725 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FIS shares. Bank of America raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Oppenheimer started coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Morgan Stanley lowered shares of 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 report on Monday, July 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $83.30.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were purchased 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.4 %

NYSE FIS opened at $89.90 on Thursday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $91.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day simple moving average of $83.89 and a 200 day simple moving average of $77.97. The stock has a market capitalization of $50.01 billion, a P/E ratio of -8.79, a P/E/G ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Research analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared 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 yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

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.