Meridiem Capital Partners LP acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 334,197 shares of the information technology services provider's stock, valued at approximately $26,993,000. Fidelity National Information Services makes up 2.4% of Meridiem Capital Partners LP's investment portfolio, making the stock its 18th biggest holding. Meridiem Capital Partners LP owned 0.06% of Fidelity National Information Services at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after acquiring an additional 208,127 shares in the last quarter. Boston Partners lifted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter worth about $635,202,000. Finally, Invesco Ltd. boosted its stake in Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after buying an additional 632,328 shares during the period. Institutional investors own 96.23% of the company's stock.
Insider Buying and Selling at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.
Fidelity National Information Services Stock Performance
FIS stock traded up $1.04 during midday trading on Friday, hitting $79.75. 4,884,589 shares of the stock traded hands, compared to its average volume of 3,499,626. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock's fifty day simple moving average is $74.46 and its 200-day simple moving average is $78.46. The firm has a market cap of $41.90 billion, a P/E ratio of 30.56, a PEG ratio of 1.23 and a beta of 1.08.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is presently 105.96%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on FIS. Royal Bank of Canada lowered their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays dropped their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Compass Point decreased their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.11.
Read Our Latest Research Report on Fidelity National Information Services
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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