Cherry Creek Investment Advisors Inc. Invests $235,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Cherry Creek Investment Advisors Inc. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,659 shares of the information technology services provider’s stock, valued at approximately $235,000.

A number of other large investors also recently added to or reduced their stakes in FIS. Capital International Investors grew its position in shares of Fidelity National Information Services by 32.5% during the 1st quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock worth $3,416,150,000 after buying an additional 5,957,633 shares in the last quarter. BlackRock Inc. raised its stake in shares of Fidelity National Information Services by 8.2% in the second quarter. BlackRock Inc. now owns 50,920,609 shares of the information technology services provider’s stock worth $7,213,922,000 after purchasing an additional 3,877,705 shares during the last quarter. Franklin Resources Inc. raised its position in Fidelity National Information Services by 1,589.8% during the second quarter. Franklin Resources Inc. now owns 1,997,775 shares of the information technology services provider’s stock valued at $283,025,000 after acquiring an additional 1,879,548 shares in the last quarter. Select Equity Group L.P. raised its position in Fidelity National Information Services by 30.4% during the first quarter. Select Equity Group L.P. now owns 6,953,868 shares of the information technology services provider’s stock valued at $977,783,000 after acquiring an additional 1,620,142 shares in the last quarter. Finally, Steadfast Capital Management LP raised its position in Fidelity National Information Services by 37.8% during the first quarter. Steadfast Capital Management LP now owns 3,715,011 shares of the information technology services provider’s stock valued at $522,368,000 after acquiring an additional 1,018,201 shares in the last quarter. Institutional investors own 89.17% of the company’s stock.

A number of brokerages have recently issued reports on FIS. Rosenblatt Securities lifted their price target on Fidelity National Information Services from $150.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 4th. Mizuho reissued a “buy” rating and set a $185.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, June 30th. Raymond James decreased their target price on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 4th. Oppenheimer cut their target price on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, August 4th. Finally, Robert W. Baird dropped their price objective on Fidelity National Information Services from $182.00 to $174.00 and set an “outperform” rating for the company in a research note on Wednesday, October 6th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $165.54.

In related news, Director Jeffrey A. Goldstein acquired 2,222 shares of the company’s stock in a transaction that occurred on Monday, August 9th. The shares were acquired at an average cost of $134.05 per share, for a total transaction of $297,859.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Shares of FIS traded up $2.67 during trading hours on Thursday, reaching $119.45. 9,620 shares of the company traded hands, compared to its average volume of 3,383,187. Fidelity National Information Services, Inc. has a 1-year low of $114.33 and a 1-year high of $155.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $73.78 billion, a P/E ratio of 834.20, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The stock’s fifty day moving average is $126.16 and its 200 day moving average is $139.91.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Fidelity National Information Services had a net margin of 0.69% and a return on equity of 7.62%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. Fidelity National Information Services’s revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 6.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th were issued a $0.39 dividend. The ex-dividend date was Thursday, September 9th. This represents a $1.56 annualized dividend and a yield of 1.31%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 28.57%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

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

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