43,048 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 43,048 shares of the information technology services provider’s stock, valued at approximately $3,244,000.

A number of other institutional investors have also made changes to their positions in FIS. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at $1,253,000. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares in the last quarter. Cibc World Markets Corp grew its holdings in Fidelity National Information Services by 19.1% in the 4th quarter. Cibc World Markets Corp now owns 747,428 shares of the information technology services provider’s stock valued at $44,898,000 after buying an additional 119,974 shares in the last quarter. First Hawaiian Bank grew its holdings in Fidelity National Information Services by 27.4% in the 1st quarter. First Hawaiian Bank now owns 58,091 shares of the information technology services provider’s stock valued at $4,309,000 after buying an additional 12,509 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.2 %

NYSE FIS opened at $83.13 on Monday. The business has a 50 day simple moving average of $79.90 and a 200 day simple moving average of $76.07. 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 market capitalization of $46.24 billion, a P/E ratio of -8.13, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Research analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIS. Royal Bank of Canada upped their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group upped their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen upped their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Bank of America increased their target price on 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Company 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.