Mountain Pacific Investment Advisers Inc. ID Purchases 4,752 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mountain Pacific Investment Advisers Inc. ID raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 352,686 shares of the information technology services provider’s stock after purchasing an additional 4,752 shares during the quarter. Fidelity National Information Services accounts for about 1.3% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 27th biggest holding. Mountain Pacific Investment Advisers Inc. ID owned 0.06% of Fidelity National Information Services worth $21,186,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FIS. JPMorgan Chase & Co. grew its position in Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after purchasing an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at $1,244,000. Korea Investment CORP lifted its holdings in Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after acquiring an additional 11,181 shares during the period. Value Holdings Management CO. LLC grew its stake in shares of Fidelity National Information Services by 77.4% during the 3rd quarter. Value Holdings Management CO. LLC now owns 173,000 shares of the information technology services provider’s stock valued at $9,562,000 after purchasing an additional 75,500 shares during the period. Finally, Verity & Verity LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $7,096,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Robert W. Baird cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Evercore ISI lifted their price objective on Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Fidelity National Information Services Trading Down 1.2 %

Shares of FIS stock opened at $69.59 on Friday. The stock’s 50-day moving average price is $70.04 and its 200-day moving average price is $61.89. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of -6.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $1.71 EPS. The business’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback program on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.