Sound Shore Management Inc CT Has $91.87 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Sound Shore Management Inc CT increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 27.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,393,298 shares of the information technology services provider’s stock after buying an additional 302,023 shares during the period. Fidelity National Information Services accounts for about 3.0% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 7th largest holding. Sound Shore Management Inc CT’s holdings in Fidelity National Information Services were worth $91,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $624,858,000. Mizuho Markets Americas LLC lifted its position in shares of Fidelity National Information Services by 49.1% during the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after purchasing an additional 1,518,200 shares during the last quarter. Boston Partners boosted its stake in Fidelity National Information Services by 10.5% during the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after purchasing an additional 1,122,181 shares during the period. AQR Capital Management LLC grew its holdings in Fidelity National Information Services by 71.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock valued at $201,294,000 after buying an additional 1,037,100 shares during the last quarter. Finally, River Road Asset Management LLC bought a new position in Fidelity National Information Services in the 2nd quarter worth approximately $39,106,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FIS shares. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. UBS Group increased their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Stephens decreased their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target on the stock. Finally, BNP Paribas Exane reduced their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Tuesday, January 20th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $79.17.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $48.33 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $48.29 and a twelve month high of $82.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The stock has a market cap of $25.03 billion, a P/E ratio of 179.00, a PEG ratio of 0.75 and a beta of 0.90. The company’s 50-day simple moving average is $62.39 and its 200 day simple moving average is $65.92.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is currently 592.59%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.