CIBC Asset Management Inc Acquires 8,595 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CIBC Asset Management Inc grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth $1,253,000. CENTRAL TRUST Co lifted its holdings in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after purchasing an additional 10,452 shares during the period. SG Americas Securities LLC grew its position in Fidelity National Information Services by 572.2% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fidelity National Information Services by 1.5% during the 1st 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. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock valued at $6,344,000 after buying an additional 25,701 shares during the period. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Susquehanna boosted their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Finally, Stephens boosted 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.68.

Fidelity National Information Services Trading Down 0.7 %

NYSE FIS traded down $0.64 on Friday, hitting $87.82. 2,655,968 shares of the stock were exchanged, compared to its average volume of 3,568,467. The company's 50-day moving average price is $86.67 and its two-hundred day moving average price is $80.09. The company has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $53.76 and a 52-week 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. Fidelity National Information Services's revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently 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.