Penserra Capital Management LLC purchased a new position in Fidelity National Information Servcs Inc (NYSE:FIS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,002 shares of the information technology services provider’s stock, valued at approximately $1,745,000.

Several other large investors also recently bought and sold shares of the company. Legacy Capital Partners Inc. boosted its position in shares of Fidelity National Information Servcs by 13.1% in the 2nd quarter. Legacy Capital Partners Inc. now owns 4,061 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 470 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Fidelity National Information Servcs by 13.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock worth $438,000 after purchasing an additional 482 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of Fidelity National Information Servcs by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock worth $11,940,000 after purchasing an additional 500 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Fidelity National Information Servcs by 24.7% in the 2nd quarter. Manchester Capital Management LLC now owns 2,523 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 500 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Fidelity National Information Servcs by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 26,738 shares of the information technology services provider’s stock worth $2,916,000 after acquiring an additional 536 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Several research analysts have weighed in on the company. SunTrust Banks lifted their target price on Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Wood & Company lifted their target price on Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Wolfe Research assumed coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Zacks Investment Research lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Finally, Cantor Fitzgerald lifted their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $117.50.

In other news, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total value of $2,606,780.34. Following the sale, the director now directly owns 41,585 shares in the company, valued at $4,531,517.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David K. Hunt sold 17,922 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now owns 24,989 shares in the company, valued at $2,658,329.82. The disclosure for this sale can be found here. Insiders own 2.08% of the company’s stock.

FIS stock opened at $107.47 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $35.26 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. Fidelity National Information Servcs Inc has a 1-year low of $91.33 and a 1-year high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share. Analysts predict that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.19%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 28.96%.

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About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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