Westfield Capital Management Co. LP Has $5.98 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Westfield Capital Management Co. LP increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 71,404 shares of the information technology services provider’s stock after purchasing an additional 1,227 shares during the period. Westfield Capital Management Co. LP’s holdings in Fidelity National Information Services were worth $5,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. LRI Investments LLC purchased a new position in shares of Fidelity National Information Services during the first quarter valued at $46,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $437,000. Interval Partners LP acquired a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $4,118,000. Finally, Fairbanks Capital Management Inc. grew its position in Fidelity National Information Services by 7.5% during the first quarter. Fairbanks Capital Management Inc. now owns 9,816 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 686 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Up 0.7 %

Fidelity National Information Services stock opened at $86.08 on Monday. The business’s 50-day simple moving average is $86.96 and its 200-day simple moving average is $80.69. Fidelity National Information Services, Inc. has a 52 week low of $54.65 and a 52 week high of $91.98. The firm has a market capitalization of $46.34 billion, a PE ratio of 34.29, a PEG ratio of 0.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FIS. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services 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.