Fidelity National Information Servcs Inc (FIS) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,612 shares of the information technology services provider’s stock after selling 4,232 shares during the period. Achmea Investment Management B.V.’s holdings in Fidelity National Information Servcs were worth $2,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIS. BlackRock Inc. grew its holdings in Fidelity National Information Servcs by 15.6% in the 2nd quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock worth $2,771,982,000 after acquiring an additional 3,530,593 shares during the last quarter. EdgePoint Investment Group Inc. purchased a new stake in shares of Fidelity National Information Servcs in the 2nd quarter worth about $256,346,000. Findlay Park Partners LLP lifted its position in shares of Fidelity National Information Servcs by 39.4% in the 2nd quarter. Findlay Park Partners LLP now owns 3,625,000 shares of the information technology services provider’s stock worth $384,359,000 after purchasing an additional 1,025,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Fidelity National Information Servcs by 12,015.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 761,192 shares of the information technology services provider’s stock worth $83,023,000 after purchasing an additional 754,909 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of Fidelity National Information Servcs by 18.4% in the 2nd quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock worth $479,704,000 after purchasing an additional 701,796 shares during the period. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Servcs stock traded down $3.00 during trading hours on Wednesday, hitting $106.12. The stock had a trading volume of 1,812,872 shares, compared to its average volume of 1,113,971. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $35.35 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91. Fidelity National Information Servcs Inc has a 12-month low of $92.12 and a 12-month high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 annualized dividend and a yield of 1.21%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

FIS has been the subject of several research analyst reports. SunTrust Banks raised their target price on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Wood & Company raised their target price on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Citigroup lowered their price target on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Finally, Cantor Fitzgerald lifted their price target on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $118.67.

In other news, EVP Gregory G. Montana sold 50,354 shares of Fidelity National Information Servcs stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total value of $5,310,332.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the sale, the director now owns 41,585 shares of the company’s stock, valued at $4,531,517.45. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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