Public Employees Retirement System of Ohio Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Public Employees Retirement System of Ohio boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 258,147 shares of the information technology services provider's stock after acquiring an additional 6,251 shares during the period. Public Employees Retirement System of Ohio's holdings in Fidelity National Information Services were worth $21,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $30,000. Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the third quarter worth $37,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following 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 disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 0.5 %

Shares of Fidelity National Information Services stock traded up $0.46 on Wednesday, reaching $85.29. The company's stock had a trading volume of 2,347,613 shares, compared to its average volume of 3,748,292. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The firm's fifty day simple moving average is $87.23 and its two-hundred day simple moving average is $81.40. 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 capitalization of $45.92 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. The business 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%. Fidelity National Information Services's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIS. Jefferies Financial Group boosted their price objective on shares of 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. Morgan Stanley increased their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price on the stock. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

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.