Marco Investment Management LLC Buys Shares of 2,500 Fidelity National Information Services, Inc. (NYSE:FIS)

Marco Investment Management LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the information technology services provider’s stock, valued at approximately $209,000.

Several other hedge funds also recently made changes to their positions in the stock. Summit Trail Advisors LLC boosted its position in shares of Fidelity National Information Services by 14.0% in the third quarter. Summit Trail Advisors LLC now owns 5,114 shares of the information technology services provider’s stock valued at $428,000 after acquiring an additional 630 shares during the period. Westfield Capital Management Co. LP lifted its stake in Fidelity National Information Services by 1.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 71,404 shares of the information technology services provider’s stock worth $5,980,000 after purchasing an additional 1,227 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Swedbank AB grew its position in shares of Fidelity National Information Services by 1.3% during the 3rd quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock valued at $30,214,000 after purchasing an additional 4,642 shares in the last quarter. Finally, Pitcairn Co. increased its holdings in shares of Fidelity National Information Services by 87.3% in the third quarter. Pitcairn Co. now owns 25,505 shares of the information technology services provider’s stock worth $2,136,000 after purchasing an additional 11,889 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Up 0.7 %

Shares of FIS stock opened at $86.08 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a one year low of $54.65 and a one year high of $91.98. The company’s fifty day moving average price is $86.96 and its 200-day moving average price is $80.69. The company has a market capitalization of $46.34 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 0.72 and a beta of 1.06.

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

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services’s payout ratio is 57.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIS shares. UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Finally, Robert W. Baird lifted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

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.