Long Road Investment Counsel LLC Increases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Long Road Investment Counsel LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,920 shares of the information technology services provider’s stock after acquiring an additional 600 shares during the quarter. Fidelity National Information Services comprises approximately 1.1% of Long Road Investment Counsel LLC’s portfolio, making the stock its 28th biggest position. Long Road Investment Counsel LLC’s holdings in Fidelity National Information Services were worth $2,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the first quarter worth $29,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter worth $35,000. Family Firm Inc. purchased a new stake in Fidelity National Information Services in the second quarter worth $35,000. Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services in the first quarter worth $37,000. Finally, Rothschild Investment LLC purchased a new stake in Fidelity National Information Services in the second quarter worth $45,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $84.06 on Friday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63. The stock has a 50-day moving average of $79.19 and a 200 day moving average of $75.54. The company has a market capitalization of $46.76 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.55 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on 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. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Barclays raised their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Susquehanna raised their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

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.