State Board of Administration of Florida Retirement System Has $51.35 Million Stake in Fidelity National Information Servcs Inc (FIS)

State Board of Administration of Florida Retirement System decreased its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 0.8% during the 1st quarter, HoldingsChannel reports. The fund owned 454,042 shares of the information technology services provider’s stock after selling 3,678 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Fidelity National Information Servcs were worth $51,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc boosted its holdings 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 valued at $2,707,274,000 after acquiring an additional 261,868 shares in the last quarter. Lunia Capital LP purchased a new stake in Fidelity National Information Servcs during the fourth quarter worth about $20,720,000. Morgan Stanley boosted its holdings in Fidelity National Information Servcs by 6.8% during the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock worth $580,287,000 after buying an additional 339,407 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Information Servcs by 8.3% during 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 buying an additional 347,672 shares in the last quarter. Finally, FMR LLC boosted its holdings in Fidelity National Information Servcs by 23.2% during the fourth quarter. FMR LLC now owns 4,410,648 shares of the information technology services provider’s stock worth $452,311,000 after buying an additional 831,468 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

In other Fidelity National Information Servcs news, CEO Gary Norcross sold 88,016 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $108.56, for a total transaction of $9,555,016.96. Following 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 is accessible through the SEC website. Also, Director Alexandar Navab, Jr. purchased 5,075 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average price of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now owns 5,075 shares in the company, valued at $544,141.50. The disclosure for this purchase can be found here. Corporate insiders own 1.43% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research lowered Fidelity National Information Servcs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 16th. SunTrust Banks lowered 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. Guggenheim increased their target price 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 target price 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. Finally, Raymond James assumed coverage on Fidelity National Information Servcs in a research report on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 target price for the company. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $128.05.

Shares of Fidelity National Information Servcs stock traded down $1.09 during midday trading on Friday, hitting $114.78. The company had a trading volume of 20,991 shares, compared to its average volume of 3,004,409. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $38.11 billion, a P/E ratio of 21.91, a PEG ratio of 1.32 and a beta of 0.73. Fidelity National Information Servcs Inc has a 52-week low of $94.53 and a 52-week high of $117.99.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, equities analysts expect that Fidelity National Information Servcs Inc will post 7.46 EPS for the current year.

The business also recently declared 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. The ex-dividend date is Thursday, June 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.22%. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

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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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