Liberty Wealth Management LLC Takes $36,000 Position in Fidelity National Information Servcs Inc (NYSE:FIS)

Liberty Wealth Management LLC acquired a new position in shares of 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 acquired 321 shares of the information technology services provider’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIS. Lunia Capital LP bought a new position in Fidelity National Information Servcs in the 4th quarter valued at approximately $20,720,000. Oregon Public Employees Retirement Fund increased its position in Fidelity National Information Servcs by 10,029.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,666,778 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 3,630,580 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Servcs during the 4th quarter valued at approximately $313,772,000. FMR LLC increased its position in Fidelity National Information Servcs by 23.2% during the 4th quarter. FMR LLC now owns 4,410,648 shares of the information technology services provider’s stock valued at $452,311,000 after purchasing an additional 831,468 shares during the period. Finally, Millennium Management LLC increased its position in Fidelity National Information Servcs by 238.2% during the 4th quarter. Millennium Management LLC now owns 845,382 shares of the information technology services provider’s stock valued at $86,694,000 after purchasing an additional 595,382 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

FIS has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. SunTrust Banks downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price target for the company. in a research report on Tuesday, March 19th. Guggenheim lifted their price target on shares of Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Barclays lifted their price target on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Raymond James initiated coverage on shares of Fidelity National Information Servcs in a research report on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 price target for the company. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $128.05.

In related news, CEO Gary Norcross sold 88,016 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 183,887 shares in the company, valued at $19,962,772.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alexandar Navab, Jr. bought 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $107.22 per share, with a total value of $544,141.50. Following the acquisition, the director now owns 5,075 shares of the company’s stock, valued at $544,141.50. The disclosure for this purchase can be found here. 1.43% of the stock is owned by corporate insiders.

NYSE:FIS traded up $0.85 during mid-day trading on Friday, reaching $116.72. The stock had a trading volume of 2,040,045 shares, compared to its average volume of 3,560,433. The company has a market capitalization of $37.50 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.30 and a beta of 0.73. 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 1.03.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share 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 quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Information Servcs Inc will post 7.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

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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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