Equity Investment Corp Buys 77,736 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Equity Investment Corp raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,109,561 shares of the information technology services provider’s stock after acquiring an additional 77,736 shares during the period. Fidelity National Information Services makes up 2.1% of Equity Investment Corp’s portfolio, making the stock its 27th largest holding. Equity Investment Corp’s holdings in Fidelity National Information Services were worth $82,307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in Fidelity National Information Services by 10.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 144,243 shares of the information technology services provider’s stock valued at $10,700,000 after acquiring an additional 14,133 shares during the last quarter. Hilltop National Bank bought a new stake in Fidelity National Information Services in the 1st quarter valued at $1,198,000. Insight 2811 Inc. purchased a new position in shares of Fidelity National Information Services in the 1st quarter worth $212,000. Empowered Funds LLC grew its stake in shares of Fidelity National Information Services by 289.3% in the 1st quarter. Empowered Funds LLC now owns 24,486 shares of the information technology services provider’s stock worth $1,816,000 after buying an additional 18,196 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Fidelity National Information Services by 3.5% in the 1st quarter. Empirical Finance LLC now owns 21,239 shares of the information technology services provider’s stock worth $1,576,000 after buying an additional 720 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 1.1 %

Fidelity National Information Services stock traded up $0.84 during trading hours on Friday, hitting $76.42. The company had a trading volume of 2,391,426 shares, compared to its average volume of 3,412,035. The firm has a market cap of $42.51 billion, a P/E ratio of -7.47, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The company has a 50-day moving average price of $75.87 and a two-hundred day moving average price of $69.74.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.36 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $75.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. BNP Paribas cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Thursday, April 11th. Mizuho lifted their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Barclays lifted their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.