Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 363,185 shares of the information technology services provider’s stock after selling 1,289 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fidelity National Information Services were worth $27,369,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at about $29,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter worth about $37,000. Finally, Rothschild Investment LLC acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $45,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $83.75 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $85.63. The company has a market capitalization of $46.59 billion, a P/E ratio of -8.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The firm has a 50 day moving average of $80.07 and a 200 day moving average of $76.18.

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

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FIS. Keefe, Bruyette & Woods increased 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 report on Wednesday, August 7th. Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. TD Cowen upped their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $81.25.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

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.