The Fidelity National Information Servcs Inc (FIS) Stake Decreased by New Mexico Educational Retirement Board

The Fidelity National Information Servcs Inc (FIS) Stake Decreased by New Mexico Educational Retirement Board

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $174,638,000. Columbus Circle Investors increased its stake in shares of Fidelity National Information Servcs by 683.7% in the third quarter. Columbus Circle Investors now owns 1,256,323 shares of the information technology services provider’s stock worth $96,775,000 after buying an additional 1,096,021 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Fidelity National Information Servcs by 469.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,167,401 shares of the information technology services provider’s stock worth $88,302,000 after buying an additional 962,300 shares during the last quarter. Valinor Management L.P. acquired a new stake in shares of Fidelity National Information Servcs during the third quarter worth about $68,128,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Fidelity National Information Servcs by 38.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,081,166 shares of the information technology services provider’s stock worth $233,059,000 after buying an additional 857,611 shares during the last quarter. 87.30% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board cut its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,364 shares of the information technology services provider’s stock after selling 1,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Fidelity National Information Servcs were worth $2,656,000 as of its most recent filing with the SEC.

Fidelity National Information Servcs Inc (NYSE FIS) opened at 86.67 on Monday. The firm has a market cap of $28.65 billion, a price-to-earnings ratio of 44.24 and a beta of 0.84. Fidelity National Information Servcs Inc has a 12-month low of $68.03 and a 12-month high of $87.32. The stock has a 50 day moving average price of $83.60 and a 200-day moving average price of $80.25.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Fidelity National Information Servcs had a return on equity of 13.03% and a net margin of 6.15%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Equities analysts forecast that Fidelity National Information Servcs Inc will post $4.25 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 60.12%.

Several equities analysts have weighed in on FIS shares. Cantor Fitzgerald set a $89.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Tuesday, February 7th. Barclays PLC started coverage on Fidelity National Information Servcs in a research report on Wednesday, February 8th. They issued an “overweight” rating and a $91.00 target price for the company. Credit Suisse Group AG raised Fidelity National Information Servcs from a “neutral” rating to an “outperform” rating and set a $88.00 target price for the company in a research report on Wednesday, February 8th. Goldman Sachs Group Inc downgraded Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a research report on Monday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, March 28th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.35. In related news, Director Frank R. Martire sold 305,500 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $81.96, for a total value of $25,038,780.00. Following the sale, the director now directly owns 99,633 shares in the company, valued at approximately $8,165,920.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank R. Martire sold 93,849 shares of Fidelity National Information Servcs stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $81.04, for a total value of $7,605,522.96. Following the transaction, the director now owns 4,009 shares in the company, valued at $324,889.36. The disclosure for this sale can be found here. In the last three months, insiders sold 1,383,349 shares of company stock worth $113,645,648. Company insiders own 2.29% of the company’s stock.

About Fidelity National Information Servcs 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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