Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Arden Trust Co

Arden Trust Co raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 20.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,892 shares of the information technology services provider’s stock after purchasing an additional 991 shares during the quarter. Arden Trust Co’s holdings in Fidelity National Information Services were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. BlackRock Inc. boosted its stake in shares of Fidelity National Information Services by 2.5% during the second quarter. BlackRock Inc. now owns 42,611,292 shares of the information technology services provider’s stock valued at $5,713,750,000 after acquiring an additional 1,029,039 shares during the last quarter. FMR LLC lifted its holdings in Fidelity National Information Services by 10.7% in the 2nd quarter. FMR LLC now owns 18,225,747 shares of the information technology services provider’s stock valued at $2,443,890,000 after purchasing an additional 1,766,938 shares in the last quarter. Morgan Stanley lifted its holdings in Fidelity National Information Services by 10.6% in the 1st quarter. Morgan Stanley now owns 7,368,940 shares of the information technology services provider’s stock valued at $896,359,000 after purchasing an additional 705,855 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of Fidelity National Information Services by 76.7% during the 2nd quarter. Viking Global Investors LP now owns 6,714,021 shares of the information technology services provider’s stock worth $900,283,000 after purchasing an additional 2,914,473 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Fidelity National Information Services by 2.7% during the second quarter. Bank of America Corp DE now owns 5,989,369 shares of the information technology services provider’s stock worth $803,115,000 after buying an additional 159,199 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

In other news, insider Martin Boyd sold 21,606 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $146.23, for a total transaction of $3,159,445.38. Following the completion of the sale, the insider now directly owns 8,870 shares in the company, valued at $1,297,060.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephanie Ferris sold 6,583 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $150.75, for a total value of $992,387.25. Following the sale, the chief operating officer now owns 32,020 shares of the company’s stock, valued at $4,827,015. The disclosure for this sale can be found here. Insiders have sold 52,365 shares of company stock worth $7,686,182 in the last quarter. Insiders own 0.70% of the company’s stock.

A number of analysts recently issued reports on FIS shares. Argus began coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 14th. They set a “buy” rating and a $160.00 target price on the stock. Stephens raised Fidelity National Information Services to an “overweight” rating and increased their price target for the stock from $164.00 to $174.00 in a research note on Wednesday, August 5th. Loop Capital started coverage on Fidelity National Information Services in a research report on Tuesday, September 22nd. They issued a “hold” rating and a $150.00 price objective for the company. Compass Point began coverage on Fidelity National Information Services in a research note on Thursday, September 17th. They issued a “neutral” rating and a $155.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research note on Tuesday, July 14th. They issued a “buy” rating and a $164.00 price target on the stock. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $161.19.

Shares of FIS opened at $143.88 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $91.68 and a 12 month high of $158.21. The stock’s 50-day moving average is $147.38 and its two-hundred day moving average is $138.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $89.15 billion, a PE ratio of 1,798.72, a P/E/G ratio of 1.59 and a beta of 0.72.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.09 by $0.06. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.87 billion. Fidelity National Information Services had a return on equity of 6.60% and a net margin of 0.25%. The company’s revenue was up 40.2% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.97%. Fidelity National Information Services’s dividend payout ratio is currently 24.96%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Further Reading: Cash Flow Analysis in Stock Selection

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

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