Bleakley Financial Group LLC Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Bleakley Financial Group LLC trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,681 shares of the information technology services provider’s stock after selling 774 shares during the period. Bleakley Financial Group LLC’s holdings in Fidelity National Information Services were worth $10,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FIS. Vanguard Group Inc. increased its holdings in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Fidelity National Information Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after buying an additional 249,678 shares during the last quarter. Legal & General Group Plc increased its holdings in Fidelity National Information Services by 1.6% during the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after buying an additional 75,429 shares during the last quarter. Boston Partners increased its holdings in Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after buying an additional 3,868,683 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. 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. Finally, Deutsche Bank Aktiengesellschaft upped 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 research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.90.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $89.92 on Friday. The firm has a 50-day moving average price of $82.87 and a 200-day moving average price of $77.45. The firm has a market capitalization of $50.02 billion, a PE ratio of -8.79, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $90.29.

Fidelity National Information Services (NYSE:FIS) last released its 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 during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

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.