Zurcher Kantonalbank Zurich Cantonalbank Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 449,623 shares of the information technology services provider’s stock after selling 1,292 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Fidelity National Information Services worth $37,656,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIS. The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after acquiring an additional 3,535,596 shares in the last quarter. Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $83,562,000. Zurich Insurance Group Ltd FI purchased a new position in Fidelity National Information Services during the second quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP grew its stake in shares of Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock valued at $86,900,000 after buying an additional 463,613 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on FIS shares. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $91.50.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $85.55 on Friday. The stock has a market capitalization of $46.06 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 0.71 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $55.98 and a one year high of $91.98. The company has a 50-day simple moving average of $86.99 and a 200-day simple moving average of $80.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Fidelity National Information Services Profile

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.