Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,799 shares of the information technology services provider’s stock after acquiring an additional 1,309 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Fidelity National Information Services were worth $12,211,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services in the first quarter worth about $29,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $30,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $35,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $35,000. Finally, Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday. Susquehanna upped their target price on 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. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Oppenheimer started coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.05.

Fidelity National Information Services Stock Performance

FIS opened at $89.79 on Thursday. The company has a market capitalization of $49.95 billion, a price-to-earnings ratio of -8.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $89.84. The business has a 50 day moving average price of $82.60 and a two-hundred day moving average price of $77.36.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

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.