Cox Capital Mgt LLC Acquires 16,499 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cox Capital Mgt LLC raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 55.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,143 shares of the information technology services provider’s stock after purchasing an additional 16,499 shares during the quarter. Fidelity National Information Services comprises about 2.1% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 14th largest position. Cox Capital Mgt LLC’s holdings in Fidelity National Information Services were worth $3,423,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its position in shares of Fidelity National Information Services by 14.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after buying an additional 166 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Fidelity National Information Services by 9.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 203 shares during the period. First Business Financial Services Inc. lifted its stake in Fidelity National Information Services by 4.4% in the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock valued at $305,000 after acquiring an additional 230 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Fidelity National Information Services by 1.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after acquiring an additional 232 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Fidelity National Information Services by 7.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after acquiring an additional 237 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.3 %

Shares of NYSE FIS traded down $0.24 during midday trading on Friday, hitting $76.24. 1,276,336 shares of the stock traded hands, compared to its average volume of 4,360,233. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The business has a 50 day moving average price of $74.26 and a two-hundred day moving average price of $68.00. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.96 EPS for the current fiscal year.

Fidelity National Information Services announced that its board has initiated a share repurchase plan on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.89%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FIS shares. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Susquehanna upped their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research note on Wednesday, May 8th. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Royal Bank of Canada raised their price target on Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Finally, Robert W. Baird raised their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

View Our Latest Research Report on FIS

About Fidelity National Information Services

(Free Report)

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.

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

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