Sei Investments Co. Buys 9,782 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sei Investments Co. grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,979 shares of the information technology services provider’s stock after purchasing an additional 9,782 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Fidelity National Information Services worth $35,531,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in Fidelity National Information Services during the fourth quarter worth about $1,244,000. Quest Partners LLC bought a new position in Fidelity National Information Services during the fourth quarter worth about $653,000. Jump Financial LLC bought a new position in Fidelity National Information Services during the fourth quarter worth about $752,000. Dimensional Fund Advisors LP increased its position in Fidelity National Information Services by 25.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock worth $301,194,000 after acquiring an additional 1,027,466 shares during the period. Finally, Sapient Capital LLC bought a new position in Fidelity National Information Services during the fourth quarter worth about $1,076,000. 96.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. TD Cowen increased their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Barclays increased their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Wedbush reiterated an “outperform” rating and set a $75.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Finally, Mizuho increased their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Fidelity National Information Services Stock Down 0.4 %

NYSE:FIS traded down $0.31 during mid-day trading on Monday, hitting $76.11. 3,974,228 shares of the company’s stock were exchanged, compared to its average volume of 4,293,000. The company has a 50 day simple moving average of $75.87 and a 200-day simple moving average of $69.88. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.89%. Fidelity National Information Services’s payout ratio is -14.08%.

About Fidelity National Information Services

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.