Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,314 shares of the information technology services provider’s stock after buying an additional 74,148 shares during the period. Gateway Investment Advisers LLC owned about 0.11% of Fidelity National Information Services worth $32,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Architects Inc increased its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares in the last quarter. Huntington National Bank increased its position in shares of Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 20 shares in the last quarter. Private Trust Co. NA increased its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 20 shares in the last quarter. Finally, Ronald Blue & Co. LLC increased its position in shares of Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock valued at $333,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 86.53% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) opened at 88.20 on Wednesday. The company has a market cap of $29.16 billion, a PE ratio of 45.02 and a beta of 0.83. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $88.32. The company has a 50-day moving average of $84.92 and a 200 day moving average of $81.44.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post $4.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.29 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.32%. Fidelity National Information Services’s dividend payout ratio is presently 58.88%.

COPYRIGHT VIOLATION NOTICE: “Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Gateway Investment Advisers LLC” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/07/12/fidelity-national-information-services-inc-nysefis-shares-bought-by-gateway-investment-advisers-llc.html.

Several research analysts have recently issued reports on FIS shares. Cantor Fitzgerald reiterated a “buy” rating and set a $89.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Compass Point downgraded shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $86.00 to $83.00 in a report on Wednesday, May 3rd. Barclays PLC reiterated a “buy” rating and set a $94.00 price target on shares of Fidelity National Information Services in a report on Friday, May 5th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, March 28th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a report on Monday, March 27th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Fidelity National Information Services has a consensus rating of “Buy” and an average target price of $88.67.

In other news, EVP Michael P. Oates sold 266,712 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $82.79, for a total value of $22,081,086.48. Following the transaction, the executive vice president now owns 312,828 shares in the company, valued at $25,899,030.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Norcross sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $83.06, for a total transaction of $20,765,000.00. Following the completion of the transaction, the insider now owns 557,699 shares in the company, valued at approximately $46,322,478.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 746,501 shares of company stock worth $61,960,326. Insiders own 2.66% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply