Fidelity National Information Servcs Inc (FIS) Holdings Increased by Fmr LLC

FMR LLC raised its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,410,648 shares of the information technology services provider’s stock after buying an additional 831,468 shares during the quarter. FMR LLC owned about 1.35% of Fidelity National Information Servcs worth $452,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lunia Capital LP acquired a new stake in shares of Fidelity National Information Servcs during the 4th quarter worth approximately $20,720,000. Oregon Public Employees Retirement Fund grew its stake in shares of Fidelity National Information Servcs by 10,029.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,666,778 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 3,630,580 shares during the period. Millennium Management LLC grew its stake in Fidelity National Information Servcs by 238.2% in the 4th quarter. Millennium Management LLC now owns 845,382 shares of the information technology services provider’s stock valued at $86,694,000 after acquiring an additional 595,382 shares during the period. California Public Employees Retirement System grew its stake in Fidelity National Information Servcs by 39.4% in the 4th quarter. California Public Employees Retirement System now owns 1,810,266 shares of the information technology services provider’s stock valued at $185,643,000 after acquiring an additional 512,052 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in Fidelity National Information Servcs by 28.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,815,007 shares of the information technology services provider’s stock valued at $186,129,000 after acquiring an additional 401,093 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity National Information Servcs stock traded down $0.76 on Wednesday, reaching $112.04. 2,351,000 shares of the company were exchanged, compared to its average volume of 2,791,806. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $35.76 billion, a PE ratio of 21.42, a P/E/G ratio of 1.25 and a beta of 0.74. Fidelity National Information Servcs Inc has a 1-year low of $93.87 and a 1-year high of $115.56.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Servcs Inc will post 7.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

FIS has been the topic of a number of research analyst reports. Raymond James initiated coverage on shares of Fidelity National Information Servcs in a research note on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 price target on the stock. Zacks Investment Research lowered Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Wells Fargo & Co lifted their price target on Fidelity National Information Servcs from $117.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. William Blair restated an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Finally, ValuEngine lowered shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $125.54.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. acquired 5,075 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $107.22 per share, with a total value of $544,141.50. Following the completion of the acquisition, the director now directly owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary Norcross sold 88,016 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $108.56, for a total value of $9,555,016.96. Following the transaction, the chief executive officer now directly owns 183,887 shares in the company, valued at approximately $19,962,772.72. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.

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About Fidelity National Information Servcs

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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