Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Lessened by Lyrical Asset Management LP

Lyrical Asset Management LP cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,062,447 shares of the information technology services provider’s stock after selling 76,788 shares during the period. Fidelity National Information Services accounts for about 4.7% of Lyrical Asset Management LP’s holdings, making the stock its 5th biggest position. Lyrical Asset Management LP’s holdings in Fidelity National Information Services were worth $303,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. grew its position in Fidelity National Information Services by 113.9% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 78,126 shares of the information technology services provider’s stock valued at $5,834,000 after buying an additional 41,599 shares during the last quarter. National Pension Service grew its position in Fidelity National Information Services by 6.5% in the 1st quarter. National Pension Service now owns 1,211,626 shares of the information technology services provider’s stock valued at $90,484,000 after buying an additional 73,711 shares during the last quarter. Russell Investments Group Ltd. grew its position in Fidelity National Information Services by 13.9% in the 1st quarter. Russell Investments Group Ltd. now owns 723,665 shares of the information technology services provider’s stock valued at $53,655,000 after buying an additional 88,564 shares during the last quarter. Prudential PLC grew its position in Fidelity National Information Services by 11.2% in the 1st quarter. Prudential PLC now owns 132,672 shares of the information technology services provider’s stock valued at $9,908,000 after buying an additional 13,390 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in Fidelity National Information Services by 6.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 175,297 shares of the information technology services provider’s stock valued at $13,063,000 after buying an additional 10,952 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIS. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Monday, April 21st. Oppenheimer raised Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $91.63.

Fidelity National Information Services Trading Up 1.5%

NYSE:FIS opened at $72.82 on Thursday. The company has a market capitalization of $38.04 billion, a PE ratio of 404.58 and a beta of 1.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The stock has a fifty day simple moving average of $79.28 and a 200-day simple moving average of $76.59.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 888.89%.

Fidelity National Information Services Company 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.