Cantor Fitzgerald Investment Adviser L.P. Buys New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)
Cantor Fitzgerald Investment Adviser L.P. bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,439 shares of the information technology services provider’s stock, valued at approximately $5,069,000.
A number of other institutional investors also recently added to or reduced their stakes in FIS. Wellington Management Group LLP grew its holdings in Fidelity National Information Services by 18.6% in the third quarter. Wellington Management Group LLP now owns 19,275,082 shares of the information technology services provider’s stock valued at $2,345,392,000 after purchasing an additional 3,022,430 shares during the period. FIL Ltd lifted its position in Fidelity National Information Services by 165.1% during the third quarter. FIL Ltd now owns 4,319,390 shares of the information technology services provider’s stock valued at $525,584,000 after buying an additional 2,690,027 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fidelity National Information Services by 11.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 20,291,807 shares of the information technology services provider’s stock valued at $2,469,108,000 after buying an additional 2,081,910 shares in the last quarter. BlackRock Inc. lifted its position in Fidelity National Information Services by 3.8% during the third quarter. BlackRock Inc. now owns 52,872,604 shares of the information technology services provider’s stock valued at $6,433,538,000 after buying an additional 1,951,995 shares in the last quarter. Finally, Boston Partners lifted its position in Fidelity National Information Services by 35.1% during the third quarter. Boston Partners now owns 3,903,746 shares of the information technology services provider’s stock valued at $474,988,000 after buying an additional 1,014,166 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.
A number of brokerages have weighed in on FIS. Credit Suisse Group reduced their price target on shares of Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 16th. Loop Capital began coverage on shares of Fidelity National Information Services in a research report on Tuesday, December 14th. They set a “buy” rating and a $139.00 target price on the stock. Exane BNP Paribas raised shares of Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a research report on Monday, January 10th. Citigroup dropped their price target on shares of Fidelity National Information Services from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Finally, KeyCorp dropped their price target on shares of Fidelity National Information Services from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 14th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $140.63.
In related news, CEO Gary Norcross sold 105,000 shares of the stock in a transaction that occurred on Tuesday, December 28th. The stock was sold at an average price of $109.66, for a total value of $11,514,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.65% of the company’s stock.
NYSE FIS traded up $0.51 on Monday, reaching $89.85. The company’s stock had a trading volume of 52,300 shares, compared to its average volume of 4,439,854. Fidelity National Information Services, Inc. has a twelve month low of $85.00 and a twelve month high of $155.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $54.77 billion, a PE ratio of 131.38, a PEG ratio of 0.96 and a beta of 0.73. The firm’s 50 day moving average is $106.96 and its two-hundred day moving average is $113.02.
Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The information technology services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 7.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 25th. Stockholders of record on Friday, March 11th will be issued a $0.47 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 10th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. Fidelity National Information Services’s dividend payout ratio is currently 276.47%.
Fidelity National Information Services Company Profile (Get Rating)
Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.
Featured Stories
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating).
Want More Great Investing Ideas?
Receive News & Ratings for Fidelity National Information Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity National Information Services and related companies with MarketBeat.com’s FREE daily email newsletter.
