Machina Capital S.A.S. Invests $147,000 in Fidelity National Information Servcs Inc (FIS)

Machina Capital S.A.S. purchased a new position in Fidelity National Information Servcs Inc (NYSE:FIS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,437 shares of the information technology services provider’s stock, valued at approximately $147,000.

Several other institutional investors also recently bought and sold shares of FIS. Aspire Private Capital LLC bought a new stake in Fidelity National Information Servcs during the fourth quarter worth about $145,000. BOKF NA lifted its stake in Fidelity National Information Servcs by 1.4% during the fourth quarter. BOKF NA now owns 33,262 shares of the information technology services provider’s stock worth $3,411,000 after purchasing an additional 466 shares during the last quarter. Braun Stacey Associates Inc. lifted its stake in Fidelity National Information Servcs by 1.4% during the fourth quarter. Braun Stacey Associates Inc. now owns 104,304 shares of the information technology services provider’s stock worth $10,697,000 after purchasing an additional 1,482 shares during the last quarter. Bremer Trust National Association bought a new stake in Fidelity National Information Servcs during the fourth quarter worth about $110,000. Finally, Meeder Asset Management Inc. bought a new stake in Fidelity National Information Servcs during the fourth quarter worth about $111,000. 90.12% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on FIS. Keefe, Bruyette & Woods began coverage on Fidelity National Information Servcs in a report on Monday, April 8th. They issued an “outperform” rating and a $136.00 price objective on the stock. Wells Fargo & Co lifted their price objective 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. Cantor Fitzgerald restated a “buy” rating and set a $122.00 price target on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Zacks Investment Research downgraded Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus 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 stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $107.22 per share, with a total value of $544,141.50. Following the transaction, the director now owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The transaction 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 that occurred on Tuesday, February 19th. The shares were sold at an average price of $108.56, for a total value of $9,555,016.96. Following the completion of the transaction, the chief executive officer now directly owns 183,887 shares in the company, valued at $19,962,772.72. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

Fidelity National Information Servcs stock traded down $0.65 during trading hours on Friday, hitting $110.90. 2,759,476 shares of the stock traded hands, compared to its average volume of 2,806,221. 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 one year low of $94.53 and a one year high of $115.56. The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.27 and a beta of 0.74.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts predict that Fidelity National Information Servcs Inc will post 7.41 earnings per share for the current 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 given a $0.35 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.26%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

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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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