Massey Quick Simon & CO. LLC Takes Position in Fidelity National Information Services, Inc. (FIS)

Massey Quick Simon & CO. LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,450 shares of the information technology services provider’s stock, valued at approximately $229,000.

Several other hedge funds also recently made changes to their positions in FIS. Janus Henderson Group PLC grew its stake in shares of Fidelity National Information Services by 253.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after purchasing an additional 3,226,198 shares during the last quarter. BlackRock Inc. grew its stake in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after purchasing an additional 2,208,363 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $176,220,000. Voya Investment Management LLC grew its stake in shares of Fidelity National Information Services by 80.3% in the 2nd quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after purchasing an additional 1,297,225 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $106,333,000. Institutional investors own 86.15% of the company’s stock.

Several analysts have recently commented on the company. Barclays PLC reissued an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. Cantor Fitzgerald reissued a “buy” rating and issued a $108.00 price target on shares of Fidelity National Information Services in a report on Sunday. Oppenheimer Holdings, Inc. raised their price target on Fidelity National Information Services from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Stephens reissued a “positive” rating and issued a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Finally, BidaskClub cut Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Four investment 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $98.38.

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Shares of Fidelity National Information Services, Inc. (FIS) traded up $0.09 during mid-day trading on Tuesday, reaching $92.85. The company had a trading volume of 1,561,500 shares, compared to its average volume of 1,518,411. The firm has a market capitalization of $30,969.64, a PE ratio of 22.09, a PEG ratio of 1.75 and a beta of 0.88. Fidelity National Information Services, Inc. has a 52-week low of $73.97 and a 52-week high of $96.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.12. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. Fidelity National Information Services’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.41 EPS for the current year.

Fidelity National Information Services declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is presently 71.60%.

In other news, Director James B. Stallings, Jr. sold 8,486 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total value of $779,608.82. Following the completion of the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders own 2.66% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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