Fidelity National Information Servcs Inc (FIS) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management trimmed its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,945 shares of the information technology services provider’s stock after selling 1,000 shares during the period. Fidelity National Information Servcs accounts for 1.6% of Hollencrest Capital Management’s portfolio, making the stock its 11th biggest position. Hollencrest Capital Management’s holdings in Fidelity National Information Servcs were worth $12,322,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after acquiring an additional 261,868 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after acquiring an additional 261,868 shares during the last quarter. Lunia Capital LP purchased a new stake in shares of Fidelity National Information Servcs in the fourth quarter worth $20,720,000. Morgan Stanley grew its stake in shares of Fidelity National Information Servcs by 6.8% in the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock worth $580,287,000 after acquiring an additional 339,407 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Fidelity National Information Servcs by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after acquiring an additional 347,672 shares during the last quarter. 90.12% of the stock is currently owned by institutional investors.

In other Fidelity National Information Servcs news, CEO Gary Norcross sold 160,000 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $108.81, for a total value of $17,409,600.00. Following the transaction, the chief executive officer now owns 249,434 shares of the company’s stock, valued at $27,140,913.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandar Navab, Jr. bought 5,075 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the acquisition, the director now owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by corporate insiders.

Shares of NYSE:FIS opened at $110.90 on Friday. The firm has a market cap of $35.85 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Fidelity National Information Servcs Inc has a 1 year low of $94.53 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 analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. On average, research analysts predict that Fidelity National Information Servcs Inc will post 7.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is 26.77%.

A number of research firms have recently commented on FIS. Guggenheim increased their target price on Fidelity National Information Servcs to $135.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods began coverage on Fidelity National Information Servcs in a research note on Monday, April 8th. They issued an “outperform” rating and a $136.00 target price on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $122.00 target price on shares of Fidelity National Information Servcs in a research note on Tuesday, April 2nd. Barclays increased their target price on Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Wedbush upped their price target on Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $125.54.

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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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