Great Lakes Retirement Inc. Boosts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Great Lakes Retirement Inc. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,464 shares of the information technology services provider’s stock after purchasing an additional 467 shares during the period. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $1,965,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. Family Firm Inc. bought a new stake in Fidelity National Information Services during the second quarter worth $35,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services in the second quarter worth $35,000. Palisade Asset Management LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at $37,000. Finally, LRI Investments LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at $46,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FIS shares. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen upped their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Susquehanna raised their target price on 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, Barclays upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $89.90 on Thursday. The firm has a market capitalization of $50.01 billion, a P/E ratio of -8.79, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $83.89 and its two-hundred day simple moving average is $77.97. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $91.14.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $1.55 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.