Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by TIAA Trust National Association

TIAA Trust National Association boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,410 shares of the information technology services provider’s stock after buying an additional 224 shares during the period. TIAA Trust National Association’s holdings in Fidelity National Information Services were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at $29,000. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the first quarter valued at $29,000. Delta Asset Management LLC TN raised its position in Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the period. BKM Wealth Management LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at $35,000. Finally, Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services in the first quarter valued at $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. TD Cowen boosted their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Evercore ISI boosted their price objective on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, May 7th. Barclays boosted their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Robert W. Baird boosted their price objective on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Stock Down 1.0 %

Shares of FIS traded down $0.79 during mid-day trading on Friday, reaching $75.25. The company’s stock had a trading volume of 2,987,492 shares, compared to its average volume of 3,288,782. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73. The stock has a market cap of $41.86 billion, a PE ratio of -7.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company’s 50 day moving average is $76.14 and its 200 day moving average is $70.36.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Fidelity National Information Services’s dividend payout ratio is presently -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.