Sequoia Financial Advisors LLC Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Sequoia Financial Advisors LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 22.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,249 shares of the information technology services provider’s stock after acquiring an additional 1,330 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $607,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at about $1,253,000. SG Americas Securities LLC raised its position in shares of Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares during the period. Mizuho Markets Americas LLC boosted its position in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after acquiring an additional 2,011,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Fidelity National Information Services by 17.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after acquiring an additional 106,725 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $89.72 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $91.22. The business has a 50 day moving average price of $84.35 and a two-hundred day moving average price of $78.18. The firm has a market cap of $49.91 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share 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. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. Barclays raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Oppenheimer initiated coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen raised their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Stephens upped their price target 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 Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $83.30.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.