Retirement Systems of Alabama Has $9.94 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Retirement Systems of Alabama reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,637 shares of the information technology services provider’s stock after selling 4,067 shares during the quarter. Retirement Systems of Alabama’s holdings in Fidelity National Information Services were worth $9,936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in Fidelity National Information Services during the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the second quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $83.08 on Tuesday. The business has a 50-day moving average of $87.26 and a 200-day moving average of $81.65. The company has a market capitalization of $44.73 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 0.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98.

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, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.