Public Sector Pension Investment Board Purchases 5,554 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Public Sector Pension Investment Board lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 106,848 shares of the information technology services provider’s stock after acquiring an additional 5,554 shares during the period. Public Sector Pension Investment Board’s holdings in Fidelity National Information Services were worth $8,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIS. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter valued at $29,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $35,000. Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $37,000. Finally, Rothschild Investment LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. UBS Group upped their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Bank of America raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $84.03 on Wednesday. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of -8.21, a PEG ratio of 0.82 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $79.50 and its 200-day simple moving average is $75.79. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $85.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm earned $1.55 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.71%. Fidelity National Information Services’s payout ratio is -14.08%.

Fidelity National Information Services Profile

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.