iA Global Asset Management Inc. Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

iA Global Asset Management Inc. bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,045 shares of the information technology services provider's stock, valued at approximately $1,930,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co grew its position in Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock valued at $991,000 after acquiring an additional 10,452 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Fidelity National Information Services by 51.4% during the third 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 acquiring an additional 25,701 shares during the period. GSA Capital Partners LLP purchased a new stake in Fidelity National Information Services during the third quarter valued at about $590,000. Chase Investment Counsel Corp grew its position in Fidelity National Information Services by 52.8% during the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider's stock valued at $5,509,000 after acquiring an additional 22,742 shares during the period. Finally, PGGM Investments grew its position in Fidelity National Information Services by 298.3% during the second quarter. PGGM Investments now owns 84,849 shares of the information technology services provider's stock valued at $6,394,000 after acquiring an additional 63,547 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

NYSE FIS traded down $1.55 on Monday, reaching $83.79. 3,035,643 shares of the stock traded hands, compared to its average volume of 3,756,530. The firm's fifty day simple moving average is $87.21 and its 200 day simple moving average is $81.35. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market cap of $45.11 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12 month low of $57.13 and a 12 month high of $91.98.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIS shares. TD Cowen upped their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

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.