New York State Common Retirement Fund Decreases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

New York State Common Retirement Fund lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.1% in the third quarter, Holdings Channel reports. The firm owned 342,155 shares of the information technology services provider’s stock after selling 70,629 shares during the period. New York State Common Retirement Fund’s holdings in Fidelity National Information Services were worth $28,655,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FIS. Mission Wealth Management LP purchased a new stake in Fidelity National Information Services during the 1st quarter worth approximately $230,000. Janney Montgomery Scott LLC boosted its stake in shares of Fidelity National Information Services by 15.5% in the first quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider’s stock worth $8,777,000 after acquiring an additional 15,865 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Fidelity National Information Services by 10.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,939 shares of the information technology services provider’s stock worth $1,182,000 after purchasing an additional 1,495 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at $54,000. Finally, Nordea Investment Management AB lifted its holdings in Fidelity National Information Services by 2.3% in the 1st quarter. Nordea Investment Management AB now owns 43,236 shares of the information technology services provider’s stock valued at $3,222,000 after purchasing an additional 971 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FIS shares. Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Stephens increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $83.30.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $89.10 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $48.61 billion, a price-to-earnings ratio of 66.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company’s 50 day simple moving average is $85.46 and its 200-day simple moving average is $78.92. Fidelity National Information Services, Inc. has a 1 year low of $49.81 and a 1 year high of $91.54.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 107.46%.

About Fidelity National Information Services

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.