CHURCHILL MANAGEMENT Corp Takes $8.28 Million Position in Fidelity National Information Servcs Inc (NYSE:FIS)

CHURCHILL MANAGEMENT Corp purchased a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 73,191 shares of the information technology services provider’s stock, valued at approximately $8,278,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in 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 valued at $2,707,274,000 after acquiring an additional 261,868 shares during the period. Vanguard Group Inc lifted its holdings in 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 valued at $2,707,274,000 after acquiring an additional 261,868 shares during the period. Lunia Capital LP acquired a new position in Fidelity National Information Servcs in the fourth quarter valued at approximately $20,720,000. Morgan Stanley lifted its holdings in 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 valued at $580,287,000 after acquiring an additional 339,407 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 valued at $462,775,000 after acquiring an additional 347,672 shares during the period. 90.27% of the stock is owned by institutional investors.

NYSE FIS opened at $117.76 on Friday. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $117.99. 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 capitalization of $38.07 billion, a P/E ratio of 20.30, a PEG ratio of 1.32 and a beta of 0.73.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

FIS has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $122.00 price target on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Friday, February 15th. Guggenheim upped 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. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, SunTrust Banks downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 target price for the company. in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $126.40.

In other Fidelity National Information Servcs news, 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 completion of the sale, the chief executive officer now directly owns 183,887 shares in the company, valued at approximately $19,962,772.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alexandar Navab, Jr. bought 5,075 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was bought 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 owns 5,075 shares in the company, valued at $544,141.50. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by corporate insiders.

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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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