Marshall Wace LLP Acquires 85,569 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Posted by Defense World Staff on Mar 12th, 2023

Marshall Wace LLP lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 1,860.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,169 shares of the information technology services provider’s stock after purchasing an additional 85,569 shares during the period. Marshall Wace LLP’s holdings in Fidelity National Information Services were worth $6,814,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC increased its stake in shares of Fidelity National Information Services by 15.0% in the second quarter. FMR LLC now owns 10,076,950 shares of the information technology services provider’s stock worth $923,754,000 after purchasing an additional 1,311,766 shares during the period. Goldman Sachs Group Inc. increased its stake in Fidelity National Information Services by 18.9% during the second quarter. Goldman Sachs Group Inc. now owns 8,668,569 shares of the information technology services provider’s stock valued at $794,647,000 after acquiring an additional 1,380,495 shares during the period. Northern Trust Corp increased its stake in Fidelity National Information Services by 12.3% during the second quarter. Northern Trust Corp now owns 6,841,553 shares of the information technology services provider’s stock valued at $627,166,000 after acquiring an additional 747,909 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Fidelity National Information Services by 12.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,491,575 shares of the information technology services provider’s stock valued at $490,569,000 after acquiring an additional 695,648 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Fidelity National Information Services by 4.0% during the third quarter. Nuveen Asset Management LLC now owns 6,399,413 shares of the information technology services provider’s stock valued at $483,603,000 after acquiring an additional 246,537 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey E. Stiefler acquired 2,243 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was acquired at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the transaction, the director now directly owns 3,343 shares in the company, valued at $223,579.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fidelity National Information Services news, Director Jeffrey E. Stiefler acquired 2,243 shares of Fidelity National Information Services stock in a transaction dated Wednesday, February 22nd. The stock was bought at an average cost of $66.88 per share, for a total transaction of $150,011.84. Following the purchase, the director now directly owns 3,343 shares in the company, valued at approximately $223,579.84. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Erik D. Hoag sold 5,658 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total transaction of $361,433.04. Following the transaction, the chief financial officer now owns 16,368 shares of the company’s stock, valued at $1,045,587.84. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TheStreet lowered Fidelity National Information Services from a “c” rating to a “d” rating in a research note on Monday, February 13th. Jefferies Financial Group lowered Fidelity National Information Services from a “buy” rating to a “hold” rating and lowered their price target for the company from $95.00 to $75.00 in a research note on Friday, December 9th. Truist Financial lowered their price target on Fidelity National Information Services from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, February 14th. Morgan Stanley raised Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $73.00 to $79.00 in a report on Tuesday, February 14th. Finally, Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $91.83.

Fidelity National Information Services Stock Performance

FIS stock opened at $57.22 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.79. The company has a 50 day moving average price of $69.40 and a 200 day moving average price of $73.43. Fidelity National Information Services, Inc. has a fifty-two week low of $56.53 and a fifty-two week high of $106.65. The stock has a market capitalization of $33.87 billion, a PE ratio of -2.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The information technology services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.01. Fidelity National Information Services had a negative net margin of 115.07% and a positive return on equity of 9.71%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company posted $1.92 EPS. Fidelity National Information Services’s revenue was up 1.1% on a year-over-year basis. Analysts forecast that Fidelity National Information Services, Inc. will post 5.88 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be given a dividend of $0.52 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 3.64%. Fidelity National Information Services’s payout ratio is presently -7.37%.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.