Fidelity National Information Services, Inc. (FIS) Position Boosted by Caldera Capital LLC

Caldera Capital LLC increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,428 shares of the information technology services provider’s stock after acquiring an additional 17,676 shares during the period. Fidelity National Information Services comprises 14.4% of Caldera Capital LLC’s investment portfolio, making the stock its biggest position. Caldera Capital LLC owned approximately 0.05% of Fidelity National Information Services worth $15,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIS. BlackRock Inc. lifted its stake in Fidelity National Information Services by 3,230.2% during the 1st quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock worth $1,674,072,000 after acquiring an additional 20,394,426 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $106,333,000. Findlay Park Partners LLP acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $85,400,000. Janus Capital Management LLC lifted its stake in Fidelity National Information Services by 23.7% during the 1st quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after acquiring an additional 983,896 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Fidelity National Information Services by 4.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock worth $1,462,643,000 after acquiring an additional 845,325 shares in the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on FIS. Robert W. Baird reissued a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a research note on Friday, September 8th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC restated an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. BMO Capital Markets upped their price target on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Cowen and Company restated a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $92.87.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/09/17/fidelity-national-information-services-inc-fis-position-boosted-by-caldera-capital-llc.html.

In other news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now directly owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the sale, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,549 shares of company stock worth $47,224,679. Corporate insiders own 2.66% of the company’s stock.

Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.11% on Friday, hitting $92.01. The stock had a trading volume of 2,102,054 shares. The company’s 50 day moving average is $91.34 and its 200 day moving average is $85.85. The firm has a market cap of $30.59 billion, a PE ratio of 46.12 and a beta of 0.84. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $93.73.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply