Fidelity National Information Servcs Inc (FIS) Position Lowered by BB&T Corp

BB&T Corp reduced its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,790 shares of the information technology services provider’s stock after selling 115 shares during the period. BB&T Corp’s holdings in Fidelity National Information Servcs were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FIS. Klingenstein Fields & Co. LLC increased its stake in shares of Fidelity National Information Servcs by 11.2% during the fourth quarter. Klingenstein Fields & Co. LLC now owns 105,416 shares of the information technology services provider’s stock valued at $10,810,000 after purchasing an additional 10,600 shares in the last quarter. NuWave Investment Management LLC grew its holdings in shares of Fidelity National Information Servcs by 3,050.0% during the fourth quarter. NuWave Investment Management LLC now owns 1,827 shares of the information technology services provider’s stock valued at $187,000 after buying an additional 1,769 shares during the last quarter. First American Bank grew its holdings in shares of Fidelity National Information Servcs by 0.6% during the fourth quarter. First American Bank now owns 53,662 shares of the information technology services provider’s stock valued at $5,503,000 after buying an additional 321 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Fidelity National Information Servcs by 1.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 130,294 shares of the information technology services provider’s stock valued at $13,362,000 after buying an additional 1,900 shares during the last quarter. Finally, James Hambro & Partners purchased a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at approximately $9,146,000. Institutional investors own 89.13% of the company’s stock.

In other news, CAO Kathleen T. Thompson sold 8,482 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $106.86, for a total value of $906,386.52. Following the sale, the chief accounting officer now directly owns 8,917 shares in the company, valued at approximately $952,870.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marc M. Mayo sold 34,826 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $105.00, for a total transaction of $3,656,730.00. Following the completion of the sale, the executive vice president now owns 24,594 shares in the company, valued at $2,582,370. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.

Shares of FIS stock opened at $106.79 on Thursday. The company has a market capitalization of $35.70 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.58 and a beta of 0.77. Fidelity National Information Servcs Inc has a 12-month low of $93.71 and a 12-month high of $110.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 EPS. As a group, equities analysts predict that Fidelity National Information Servcs Inc will post 5.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.31%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 14th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

FIS has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Citigroup cut their price target on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Cantor Fitzgerald increased 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 report on Wednesday, October 31st. Barclays initiated coverage on shares of Fidelity National Information Servcs in a report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price target on the stock. Finally, Goldman Sachs Group upgraded shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and increased their price target for the company from $108.00 to $128.00 in a report on Tuesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $120.30.

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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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