Oak Ridge Investments LLC Takes $7.41 Million Position in Fidelity National Information Services, Inc. (FIS)

Oak Ridge Investments LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 79,382 shares of the information technology services provider’s stock, valued at approximately $7,413,000.

Several other hedge funds also recently bought and sold shares of the company. Profund Advisors LLC grew its position in shares of Fidelity National Information Services by 0.3% in the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after purchasing an additional 28 shares in the last quarter. Pictet North America Advisors SA grew its position in shares of Fidelity National Information Services by 1.4% in the second quarter. Pictet North America Advisors SA now owns 3,346 shares of the information technology services provider’s stock valued at $286,000 after purchasing an additional 46 shares in the last quarter. Calamos Wealth Management LLC grew its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Calamos Wealth Management LLC now owns 12,073 shares of the information technology services provider’s stock valued at $1,031,000 after purchasing an additional 54 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Fidelity National Information Services by 3.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,121 shares of the information technology services provider’s stock valued at $181,000 after purchasing an additional 61 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of Fidelity National Information Services by 0.8% in 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 in the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.

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In other Fidelity National Information Services news, EVP Gregory G. Montana sold 58,547 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $92.54, for a total transaction of $5,417,939.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the transaction, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold 167,033 shares of company stock worth $15,433,548 over the last 90 days. 2.66% of the stock is owned by insiders.

A number of research firms have recently issued reports on FIS. Robert W. Baird restated a “buy” rating and issued a $102.00 price target on shares of Fidelity National Information Services in a research report on Friday, September 8th. Barclays PLC restated an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets increased their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. KeyCorp reiterated a “buy” rating on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. Finally, Cowen and Company reiterated a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $98.38.

Fidelity National Information Services, Inc. (FIS) traded down $0.34 during trading hours on Friday, reaching $93.20. The company’s stock had a trading volume of 2,711,800 shares, compared to its average volume of 1,530,493. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Services, Inc. has a one year low of $73.97 and a one year high of $96.67. The firm has a market capitalization of $31,230.06, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. equities analysts predict that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 71.60%.

Fidelity National Information Services announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Fidelity National Information Services Company 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.

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

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