ETF Managers Group LLC Acquires 21,546 Shares of Fidelity National Information Servcs Inc (FIS)

ETF Managers Group LLC grew its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 13.1% in the first quarter, HoldingsChannel.com reports. The fund owned 185,708 shares of the information technology services provider’s stock after buying an additional 21,546 shares during the period. Fidelity National Information Servcs accounts for 1.0% of ETF Managers Group LLC’s portfolio, making the stock its 26th largest position. ETF Managers Group LLC’s holdings in Fidelity National Information Servcs were worth $21,004,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Fidelity National Information Servcs by 46.6% during the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 90 shares during the period. Independent Advisor Alliance lifted its position in Fidelity National Information Servcs by 8.5% during the first quarter. Independent Advisor Alliance now owns 3,455 shares of the information technology services provider’s stock worth $391,000 after purchasing an additional 271 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Fidelity National Information Servcs by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,879 shares of the information technology services provider’s stock worth $2,135,000 after purchasing an additional 1,013 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Fidelity National Information Servcs by 5.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,416 shares of the information technology services provider’s stock worth $2,987,000 after acquiring an additional 1,334 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Fidelity National Information Servcs by 88.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,267 shares of the information technology services provider’s stock worth $8,287,000 after acquiring an additional 34,444 shares in the last quarter. 90.04% of the stock is owned by institutional investors.

In other 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 value of $9,555,016.96. Following the completion of the transaction, the chief executive officer now owns 183,887 shares of the company’s stock, valued at $19,962,772.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandar Navab, Jr. acquired 5,075 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $107.22 per share, with a total value of $544,141.50. Following the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The disclosure for this purchase can be found here. Corporate insiders own 1.43% of the company’s stock.

Shares of NYSE FIS opened at $118.73 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $38.42 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. Fidelity National Information Servcs Inc has a 12 month low of $94.53 and a 12 month high of $119.78.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, topping 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 firm earned $1.09 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, sell-side analysts predict 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. Stockholders of record on Friday, June 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

Several research analysts have commented on FIS shares. Zacks Investment Research downgraded Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, February 12th. 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. Finally, Guggenheim boosted 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. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Fidelity National Information Servcs currently has an average rating of “Buy” and a consensus price target of $128.89.

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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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