State Board of Administration of Florida Retirement System Has $49.60 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

State Board of Administration of Florida Retirement System raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 668,571 shares of the information technology services provider’s stock after purchasing an additional 35,444 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Fidelity National Information Services were worth $49,595,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $29,000. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth $29,000. Delta Asset Management LLC TN increased its stake in shares of Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $35,000. Finally, Palisade Asset Management LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.1 %

NYSE:FIS traded down $0.10 during trading hours on Thursday, hitting $77.16. 1,534,074 shares of the stock were exchanged, compared to its average volume of 4,245,980. The company’s 50 day moving average is $76.08 and its two-hundred day moving average is $70.15. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $42.92 billion, a P/E ratio of -7.55, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

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

Fidelity National Information Services Dividend Announcement

The company also recently disclosed 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. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on FIS. Bank of America raised their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, April 11th. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Barclays increased their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, TD Cowen increased their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Eight 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. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

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.