Mercer Global Advisors Inc. ADV Takes $5.26 Million Position in Fidelity National Information Servcs Inc (NYSE:FIS)

Mercer Global Advisors Inc. ADV bought a new position in Fidelity National Information Servcs Inc (NYSE:FIS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 51,301 shares of the information technology services provider’s stock, valued at approximately $5,261,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in Fidelity National Information Servcs by 5.4% during the 4th quarter. Whittier Trust Co. now owns 1,843 shares of the information technology services provider’s stock worth $189,000 after buying an additional 95 shares during the last quarter. Huntington National Bank lifted its holdings in Fidelity National Information Servcs by 5.2% during the 1st quarter. Huntington National Bank now owns 2,103 shares of the information technology services provider’s stock worth $238,000 after buying an additional 104 shares during the last quarter. Keybank National Association OH lifted its holdings in Fidelity National Information Servcs by 2.7% during the 4th quarter. Keybank National Association OH now owns 4,457 shares of the information technology services provider’s stock worth $457,000 after buying an additional 118 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in Fidelity National Information Servcs by 1.1% during the 4th quarter. Annex Advisory Services LLC now owns 10,668 shares of the information technology services provider’s stock worth $1,094,000 after buying an additional 119 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in Fidelity National Information Servcs by 64.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 319 shares of the information technology services provider’s stock worth $35,000 after buying an additional 125 shares during the last quarter. 90.27% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on FIS. Guggenheim increased their price target on Fidelity National Information Servcs to $135.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Barclays increased their price target on Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods began coverage on Fidelity National Information Servcs in a research report on Monday, April 8th. They set an “outperform” rating and a $136.00 price target on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $122.00 price target on shares of Fidelity National Information Servcs in a research report on Tuesday, April 2nd. Finally, Wedbush raised their target price on Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $126.40.

Shares of NYSE FIS opened at $117.76 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.19. The firm has a market cap of $38.07 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.32 and a beta of 0.73. Fidelity National Information Servcs Inc has a 1 year low of $94.53 and a 1 year high of $117.99.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. Equities research analysts forecast that Fidelity National Information Servcs Inc will post 7.46 earnings per share for the current year.

The business also recently disclosed 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 1.19%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. bought 5,075 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average price of $107.22 per share, with a total value of $544,141.50. Following the completion of the transaction, the director now directly owns 5,075 shares in the company, valued at approximately $544,141.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary Norcross sold 160,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 249,434 shares of the company’s stock, valued at approximately $27,140,913.54. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.

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Fidelity National Information Servcs 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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