Jaffetilchin Investment Partners LLC Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Jaffetilchin Investment Partners LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 22.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,297 shares of the information technology services provider’s stock after buying an additional 1,906 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Fidelity National Information Services were worth $862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services during the second quarter valued at $1,253,000. CENTRAL TRUST Co lifted its holdings in shares of Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares during the period. SG Americas Securities LLC boosted its stake in shares of 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 worth $16,775,000 after buying an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after acquiring an additional 11,655 shares during the period. Finally, Mizuho Markets Americas LLC raised its position in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after acquiring an additional 2,011,848 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.7 %

FIS opened at $88.72 on Tuesday. The firm has a market capitalization of $47.76 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The company’s 50 day simple moving average is $86.07 and its two-hundred day simple moving average is $79.50. Fidelity National Information Services, Inc. has a 1-year low of $52.14 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Analysts Set New Price Targets

FIS has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was acquired 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 in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is 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.