State of New Jersey Common Pension Fund D Sells 8,575 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

State of New Jersey Common Pension Fund D trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,616 shares of the information technology services provider's stock after selling 8,575 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Fidelity National Information Services were worth $17,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. River Global Investors LLP increased its position in shares of Fidelity National Information Services by 4.0% in the third quarter. River Global Investors LLP now owns 22,566 shares of the information technology services provider's stock valued at $1,890,000 after acquiring an additional 860 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Fidelity National Information Services by 31.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,376 shares of the information technology services provider's stock valued at $4,302,000 after purchasing an additional 12,228 shares during the period. Transcendent Capital Group LLC bought a new position in Fidelity National Information Services during the 3rd quarter valued at approximately $327,000. Essex Savings Bank purchased a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $226,000. Finally, Verdence Capital Advisors LLC grew its position in shares of Fidelity National Information Services by 309.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,568 shares of the information technology services provider's stock worth $969,000 after buying an additional 8,743 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on FIS shares. Susquehanna upped their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday, November 5th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a "market perform" rating for the company. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, UBS Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.68.

Fidelity National Information Services Stock Up 1.6 %

NYSE:FIS traded up $1.39 on Friday, reaching $88.07. 3,113,264 shares of the stock traded hands, compared to its average volume of 3,249,951. The company's fifty day simple moving average is $86.07 and its 200 day simple moving average is $79.44. The company has a market capitalization of $47.41 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $51.57 and a 12 month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.21 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.