Texas Permanent School Fund Corp owns $6.95 million in Fidelity National Information Services, Inc. (NYSE:FIS)

Texas Permanent School Fund Corp reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 24.7% during the second quarter, Holdings Channel.com reports. The firm owned 92,174 shares of the information technology services provider’s stock after selling 30,211 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Fidelity National Information Services were worth $6,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Fidelity National Information Services in the first quarter worth $29,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services in the second quarter worth approximately $35,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the first quarter worth about $37,000. Finally, Delta Asset Management LLC TN boosted its stake in Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock, worth $32,000 after buying an additional 450 shares in the last quarter. 96.23% of shares are owned by institutional investors and hedge funds.

Fidelity National Information Services stock performance

Shares of NYSE:FIS opened at $83.42 on Wednesday. The company’s 50-day moving average price is $77.73, and its two-hundred-day moving average price is $74.69. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $83.47. The firm has a market cap of $45.51 billion, a PE ratio of -8.15, a PEG ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35, and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS – Get Free Report ) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. In the same quarter in the previous year, the business posted EPS of $1.55. The company’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 1.73%. Fidelity National Information Services’ payout ratio is currently -14.08%.

Changes in Analyst Ratings

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays boosted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. UBS Group boosted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a report on Monday, July 22. Finally, Susquehanna boosted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.65, according to MarketBeat.

Get the latest report on FIS

Insiders place their bets

In other news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders hold 0.20% of the company’s shares.

Fidelity National Information Services Company Profile

(Free Report)

Fidelity National Information Services, Inc is committed to providing financial services technology solutions to financial institutions, companies 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 pension; and item processing and output solutions.

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Want to see what other hedge funds FIS owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Fidelity National Information Services, Inc. (NYSE:FIS – Free Report).

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