Teacher Retirement System of Texas raised its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 1,914.4% during the 4th quarter, Holdings Channel reports. The firm owned 90,911 shares of the information technology services provider’s stock after purchasing an additional 86,398 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fidelity National Information Servcs were worth $8,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FIS. Shelton Capital Management acquired a new position in Fidelity National Information Servcs during the second quarter valued at approximately $215,000. Raymond James Financial Services Advisors Inc. grew its holdings in Fidelity National Information Servcs by 28.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,271 shares of the information technology services provider’s stock valued at $2,927,000 after purchasing an additional 7,676 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Fidelity National Information Servcs by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,626 shares of the information technology services provider’s stock valued at $651,000 after purchasing an additional 63 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Fidelity National Information Servcs during the second quarter valued at approximately $311,000. Finally, Toronto Dominion Bank grew its holdings in Fidelity National Information Servcs by 25.7% during the second quarter. Toronto Dominion Bank now owns 114,596 shares of the information technology services provider’s stock valued at $9,786,000 after purchasing an additional 23,428 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Several research firms have recently weighed in on FIS. Barclays increased their price objective on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Credit Suisse Group reissued an “outperform” rating and issued a $108.00 price objective (up from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. reduced their price objective on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Oppenheimer increased their price objective on Fidelity National Information Servcs from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reissued a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.47.

In related news, insider Gary Norcross sold 293,333 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $94.30, for a total value of $27,661,301.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David K. Hunt sold 17,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the transaction, the director now directly owns 19,154 shares of the company’s stock, valued at $1,810,627.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,933 shares of company stock valued at $29,609,844. 2.66% of the stock is owned by company insiders.

Shares of Fidelity National Information Servcs Inc (FIS) opened at $96.17 on Wednesday. Fidelity National Information Servcs Inc has a 12-month low of $78.89 and a 12-month high of $103.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.92 and a quick ratio of 1.25. The firm has a market capitalization of $31,767.59, a P/E ratio of 21.53, a PEG ratio of 1.53 and a beta of 0.90.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. Fidelity National Information Servcs’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. sell-side analysts anticipate that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.32 dividend. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, March 15th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 29.59%.

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Fidelity National Information Servcs Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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