Ngam Advisors L.P. Has $17.41 Million Stake in Fidelity National Information Services, Inc. (FIS)

Ngam Advisors L.P. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 218,615 shares of the information technology services provider’s stock after buying an additional 49 shares during the period. Ngam Advisors L.P.’s holdings in Fidelity National Information Services were worth $17,406,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Fidelity National Information Services during the fourth quarter valued at $174,638,000. Renaissance Technologies LLC raised its position in Fidelity National Information Services by 469.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,167,401 shares of the information technology services provider’s stock valued at $88,302,000 after buying an additional 962,300 shares during the period. Janus Capital Management LLC raised its position in Fidelity National Information Services by 21.7% in the fourth quarter. Janus Capital Management LLC now owns 4,143,428 shares of the information technology services provider’s stock valued at $313,409,000 after buying an additional 739,416 shares during the period. Silvercrest Asset Management Group LLC raised its position in Fidelity National Information Services by 154.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 811,409 shares of the information technology services provider’s stock valued at $61,375,000 after buying an additional 492,571 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Fidelity National Information Services by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock valued at $382,257,000 after buying an additional 451,197 shares during the period. 86.59% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.07% during midday trading on Tuesday, reaching $85.01. 607,699 shares of the company’s stock traded hands. Fidelity National Information Services, Inc. has a 52 week low of $68.03 and a 52 week high of $87.32. The stock’s 50 day moving average is $84.54 and its 200-day moving average is $80.95. The company has a market capitalization of $28.10 billion, a PE ratio of 43.39 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Fidelity National Information Services had a return on equity of 13.14% and a net margin of 6.99%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Services’s dividend payout ratio is currently 58.88%.

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Several equities analysts have recently weighed in on FIS shares. Goldman Sachs Group, Inc. (The) lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a report on Monday, March 27th. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Compass Point lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and cut their price target for the stock from $86.00 to $83.00 in a report on Wednesday, May 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $89.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Finally, Barclays PLC reissued a “buy” rating and issued a $94.00 price target on shares of Fidelity National Information Services in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $88.47.

In other news, Director Frank R. Martire sold 219,017 shares of the firm’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $80.02, for a total value of $17,525,740.34. Following the completion of the transaction, the director now owns 219,272 shares in the company, valued at $17,546,145.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael P. Oates sold 266,712 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $82.79, for a total value of $22,081,086.48. Following the completion of the transaction, the executive vice president now owns 312,828 shares of the company’s stock, valued at approximately $25,899,030.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 965,518 shares of company stock valued at $79,486,066. Company insiders own 2.66% of the company’s stock.

About Fidelity National Information Services

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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