Machina Capital S.A.S. acquired a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,506 shares of the information technology services provider’s stock, valued at approximately $798,000.
A number of other institutional investors have also modified their holdings of FIS. Marshall Wace North America L.P. raised its stake in Fidelity National Information Servcs by 15,717.0% during the 1st quarter. Marshall Wace North America L.P. now owns 1,774,196 shares of the information technology services provider’s stock worth $200,662,000 after buying an additional 1,762,979 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Fidelity National Information Servcs during the 1st quarter worth $144,430,000. Swedbank acquired a new stake in Fidelity National Information Servcs during the 1st quarter worth $108,321,000. BlackRock Inc. raised its stake in Fidelity National Information Servcs by 3.5% during the 1st quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock worth $2,912,641,000 after buying an additional 877,811 shares during the period. Finally, FMR LLC raised its stake in Fidelity National Information Servcs by 23.2% during the 4th quarter. FMR LLC now owns 4,410,648 shares of the information technology services provider’s stock worth $452,311,000 after buying an additional 831,468 shares during the period. 92.81% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on FIS. SunTrust Banks dropped their price objective on EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Raymond James reiterated a “hold” rating on shares of Wells Fargo & Co in a report on Friday, April 12th. Robert W. Baird increased their target price on Fidelity National Information Servcs from $134.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. ValuEngine upgraded Zimmer Biomet from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Moffett Nathanson initiated coverage on Fidelity National Information Servcs in a report on Tuesday, May 21st. They set a “buy” rating and a $147.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $152.28.
Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. Fidelity National Information Servcs’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Equities analysts expect that Fidelity National Information Servcs Inc will post 7.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.
In other news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the transaction, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is owned by company insiders.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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