Mondrian Investment Partners LTD Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Mondrian Investment Partners LTD increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,905 shares of the information technology services provider’s stock after buying an additional 819 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Fidelity National Information Services were worth $1,452,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC purchased a new position in shares of Fidelity National Information Services during the second quarter worth approximately $1,253,000. Quest Partners LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth $653,000. SG Americas Securities LLC increased its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the period. Cibc World Markets Corp raised its holdings in shares of Fidelity National Information Services by 19.1% in the fourth 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 during the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Fidelity National Information Services by 15.3% during the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock worth $271,692,000 after buying an additional 598,902 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target 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. Bank of America upped their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The shares were acquired at an average price 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.0 %

FIS opened at $85.04 on Wednesday. The firm has a market capitalization of $47.30 billion, a P/E ratio of -8.31, a P/E/G ratio of 0.82 and a beta of 1.08. The firm’s 50 day moving average is $78.65 and its 200-day moving average is $75.27. 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 52-week low of $46.91 and a 52-week high of $85.63.

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, topping the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio is presently -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.