Louisiana State Employees Retirement System Takes $2.15 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Louisiana State Employees Retirement System acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 35,800 shares of the information technology services provider’s stock, valued at approximately $2,151,000.

A number of other institutional investors have also recently made changes to their positions in FIS. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $25,000. Baystate Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 332.1% during the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $35,000. Finally, Clear Street Markets LLC raised its holdings in shares of Fidelity National Information Services by 59,900.0% during the fourth quarter. Clear Street Markets LLC now owns 600 shares of the information technology services provider’s stock valued at $41,000 after acquiring an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $70.35 on Thursday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average price of $68.87 and a 200-day moving average price of $61.11. The company has a market capitalization of $40.55 billion, a PE ratio of -6.26, a PEG ratio of 0.89 and a beta of 0.97.

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

Fidelity National Information Services announced that its board has approved a stock repurchase plan on Monday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 2.05%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FIS shares. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. UBS Group upped their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Mizuho upped their target price on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Evercore ISI upped their target price on Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group started coverage on Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.59.

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.