Oregon Public Employees Retirement Fund Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Oregon Public Employees Retirement Fund raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 189.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,843 shares of the information technology services provider’s stock after buying an additional 94,799 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fidelity National Information Services were worth $20,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at about $27,000. Dimension Capital Management LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at about $31,000. TFC Financial Management purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at about $33,000. Exchange Traded Concepts LLC raised its holdings in shares of Fidelity National Information Services by 990.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 229 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 208 shares in the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $33,000. 90.53% of the stock is owned by institutional investors.

Fidelity National Information Services stock traded up $1.74 during mid-day trading on Tuesday, reaching $137.27. 95,844 shares of the company traded hands, compared to its average volume of 4,810,111. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Fidelity National Information Services, Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $156.73. The company has a market capitalization of $85.18 billion, a price-to-earnings ratio of -752.94, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. The firm’s fifty day moving average is $131.97 and its two-hundred day moving average is $141.14.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a $0.39 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, March 11th. Fidelity National Information Services’s dividend payout ratio is 24.96%.

Fidelity National Information Services declared that its Board of Directors has authorized a stock buyback program on Monday, February 1st that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the information technology services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

FIS has been the subject of several recent research reports. TheStreet lowered shares of Fidelity National Information Services from a “b-” rating to a “c” rating in a report on Thursday, January 14th. Oppenheimer reduced their price target on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 2nd. Rosenblatt Securities boosted their price target on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 10th. Cowen boosted their price target on shares of Fidelity National Information Services from $163.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 10th. Finally, KeyCorp reduced their price target on shares of Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 27th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $159.27.

In related news, insider Martin Boyd sold 28,715 shares of the stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $142.69, for a total transaction of $4,097,343.35. Following the sale, the insider now directly owns 23,605 shares of the company’s stock, valued at $3,368,197.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher A. Thompson sold 1,591 shares of the company’s stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $139.70, for a total transaction of $222,262.70. 0.70% of the stock is owned by corporate insiders.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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