Everence Capital Management Inc. purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,300 shares of the information technology services provider’s stock, valued at approximately $2,995,000.

A number of other large investors also recently modified their holdings of FIS. Lombard Odier Asset Management Switzerland SA purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $872,000. Chartwell Investment Partners LLC grew its holdings in Fidelity National Information Services by 2.7% during the 3rd quarter. Chartwell Investment Partners LLC now owns 16,580 shares of the information technology services provider’s stock valued at $2,441,000 after buying an additional 437 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $452,000. Te Ahumairangi Investment Management Ltd purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $2,270,000. Finally, EP Wealth Advisors LLC grew its holdings in Fidelity National Information Services by 3.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,320 shares of the information technology services provider’s stock valued at $342,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

Several brokerages have recently commented on FIS. Raymond James boosted their price objective on Fidelity National Information Services from $166.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 10th. TheStreet raised Fidelity National Information Services from a “c” rating to a “b-” rating in a report on Friday, March 12th. Oppenheimer cut their price objective on Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 2nd. Cowen boosted their price objective on Fidelity National Information Services from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 10th. Finally, Robert W. Baird boosted their price objective on Fidelity National Information Services from $154.00 to $166.00 in a report on Monday, March 8th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.04.

In related news, insider Asif Ramji sold 29,992 shares of the company’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total value of $4,148,493.44. Also, CEO Gary Norcross sold 130,360 shares of the company’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $144.70, for a total value of $18,863,092.00. Over the last ninety days, insiders sold 239,483 shares of company stock worth $34,112,873. 0.70% of the stock is owned by insiders.

Shares of Fidelity National Information Services stock traded up $2.06 during midday trading on Thursday, reaching $148.94. 53,551 shares of the company’s stock traded hands, compared to its average volume of 4,202,400. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $92.51 billion, a PE ratio of -816.00, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. The stock has a 50 day moving average of $141.22 and a 200-day moving average of $140.21. Fidelity National Information Services, Inc. has a 12 month low of $117.05 and a 12 month high of $156.73.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.05%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 27.81%.

Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback program on Monday, February 1st that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the information technology services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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