Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,219 shares of the information technology services provider’s stock after acquiring an additional 8,595 shares during the quarter. CIBC Asset Management Inc’s holdings in Fidelity National Information Services were worth $11,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $30,000. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $35,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $35,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens upped their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $87.82 on Friday. The firm has a market cap of $47.28 billion, a P/E ratio of 34.99, a P/E/G ratio of 0.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98. The firm has a fifty day moving average of $86.67 and a two-hundred day moving average of $80.09.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is currently 57.37%.

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.