2,500 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Marco Investment Management LLC

Marco Investment Management LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, Holdings Channel reports. The fund acquired 2,500 shares of the information technology services provider’s stock, valued at approximately $209,000.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $35,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 0.7 %

NYSE:FIS opened at $86.08 on Monday. Fidelity National Information Services, Inc. has a 1-year low of $54.65 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 1.18. The firm has a market capitalization of $46.34 billion, a P/E ratio of 34.29, a PEG ratio of 0.72 and a beta of 1.06. The company’s fifty day moving average price is $86.96 and its 200-day moving average price is $80.69.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Compass Point initiated coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective for the company. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Barclays raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group increased their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

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.