Fernbridge Capital Management LP Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Fernbridge Capital Management LP raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,286,173 shares of the information technology services provider’s stock after acquiring an additional 133,039 shares during the quarter. Fidelity National Information Services comprises 6.6% of Fernbridge Capital Management LP’s holdings, making the stock its 4th biggest holding. Fernbridge Capital Management LP’s holdings in Fidelity National Information Services were worth $107,717,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FIS. Dimensional Fund Advisors LP boosted its position in shares of Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after acquiring an additional 249,678 shares during the period. Legal & General Group Plc boosted its holdings in Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the period. Boston Partners boosted its holdings in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after purchasing an additional 538,514 shares during the period. Finally, Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on FIS shares. UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Susquehanna raised their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. Finally, Bank of America lifted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Stock Up 0.6 %

Shares of Fidelity National Information Services stock opened at $84.91 on Wednesday. The firm has a market cap of $45.71 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 0.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 1 year low of $55.24 and a 1 year high of $91.98. The company has a 50-day moving average of $86.95 and a 200 day moving average of $80.84.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insiders Place Their Bets

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