Everence Capital Management Inc. Acquires New Position in Fidelity National Information Services, Inc. (NYSE:FIS)


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Everence Capital Management Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,300 shares of the information technology services provider’s stock, valued at approximately $2,995,000.

A number of other large investors also recently bought and sold shares of FIS. Norges Bank purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $762,213,000. Viking Global Investors LP raised its stake in Fidelity National Information Services by 33.2% during the fourth quarter. Viking Global Investors LP now owns 11,835,412 shares of the information technology services provider’s stock worth $1,674,237,000 after purchasing an additional 2,948,891 shares during the period. Lone Pine Capital LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $396,075,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Fidelity National Information Services by 30.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,119,969 shares of the information technology services provider’s stock worth $724,271,000 after purchasing an additional 1,203,586 shares during the period. Finally, Morgan Stanley raised its stake in Fidelity National Information Services by 12.6% during the fourth quarter. Morgan Stanley now owns 8,962,168 shares of the information technology services provider’s stock worth $1,267,789,000 after purchasing an additional 1,004,921 shares during the period. 90.53% of the stock is currently owned by institutional investors.

FIS has been the subject of several recent research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Fidelity National Information Services in a research report on Wednesday, January 27th. Rosenblatt Securities increased their price objective on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 10th. KeyCorp dropped their price objective on shares of Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 27th. Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $154.00 to $166.00 in a research report on Monday, March 8th. Finally, Cowen increased their price objective on shares of Fidelity National Information Services from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 10th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.04.

Shares of Fidelity National Information Services stock traded up $2.06 during trading hours on Thursday, reaching $148.94. The company’s stock had a trading volume of 53,551 shares, compared to its average volume of 4,202,400. The company’s 50 day simple moving average is $141.22 and its 200 day simple moving average is $140.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Fidelity National Information Services, Inc. has a one year low of $117.05 and a one year high of $156.73. The stock has a market cap of $92.51 billion, a P/E ratio of -816.00, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.06. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm posted $1.57 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 1.05%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.81%.

Fidelity National Information Services declared that its board has approved a stock buyback plan on Monday, February 1st that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, CEO Gary Norcross sold 130,360 shares of Fidelity National Information Services stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $144.70, for a total value of $18,863,092.00. Also, insider Asif Ramji sold 29,992 shares of Fidelity National Information Services stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $138.32, for a total transaction of $4,148,493.44. Over the last quarter, insiders sold 239,483 shares of company stock worth $34,112,873. 0.70% of the stock is currently owned by insiders.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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