Public Employees Retirement Association of Colorado Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,446 shares of the information technology services provider’s stock after selling 5,760 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Fidelity National Information Services were worth $6,264,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $29,000. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at about $29,000. Delta Asset Management LLC TN boosted its position 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 valued at $32,000 after purchasing an additional 450 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at about $37,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $40,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FIS shares. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Barclays raised their target price on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Finally, Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a report on Monday, July 22nd. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $79.42.

Fidelity National Information Services Trading Up 0.5 %

FIS traded up $0.41 during midday trading on Monday, hitting $76.09. 870,263 shares of the company’s stock traded hands, compared to its average volume of 4,170,612. The stock’s fifty day simple moving average is $75.94 and its 200-day simple moving average is $70.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.