Blueshift Asset Management LLC Invests $342,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Blueshift Asset Management LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,079 shares of the information technology services provider’s stock, valued at approximately $342,000.

Several other institutional investors have also recently bought and sold shares of FIS. Glenmede Trust Co. NA grew its holdings in shares of Fidelity National Information Services by 38.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 327,079 shares of the information technology services provider’s stock valued at $27,393,000 after purchasing an additional 91,332 shares during the last quarter. Fernbridge Capital Management LP grew its stake in shares of Fidelity National Information Services by 11.5% during the third quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider’s stock worth $107,717,000 after buying an additional 133,039 shares during the last quarter. Cynosure Group LLC acquired a new position in shares of Fidelity National Information Services during the third quarter worth $202,000. Hardy Reed LLC boosted its holdings in shares of Fidelity National Information Services by 5.0% during the 3rd quarter. Hardy Reed LLC now owns 5,557 shares of the information technology services provider’s stock valued at $465,000 after acquiring an additional 265 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in Fidelity National Information Services by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 36,064 shares of the information technology services provider’s stock worth $3,020,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Barclays lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America upped their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. UBS Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Stock Up 0.7 %

Shares of NYSE FIS opened at $85.55 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $55.98 and a 12-month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $46.06 billion, a PE ratio of 34.08, a P/E/G ratio of 0.71 and a beta of 1.06. The company’s fifty day simple moving average is $86.99 and its 200 day simple moving average is $80.91.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

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

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.