Rational Advisors LLC Lowers Holdings in Fidelity National Information Servcs Inc (FIS)

Rational Advisors LLC lessened its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 66.9% in the first quarter, HoldingsChannel.com reports. The fund owned 512 shares of the information technology services provider’s stock after selling 1,035 shares during the quarter. Rational Advisors LLC’s holdings in Fidelity National Information Servcs were worth $58,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FIS. Vanguard Group Inc raised its position in shares of Fidelity National Information Servcs by 1.1% during 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 buying an additional 261,868 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at approximately $111,000. Strs Ohio raised its position in shares of Fidelity National Information Servcs by 2.9% during the fourth quarter. Strs Ohio now owns 23,260 shares of the information technology services provider’s stock valued at $2,385,000 after buying an additional 653 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at approximately $27,000. Finally, Fisher Asset Management LLC raised its position in shares of Fidelity National Information Servcs by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 154,428 shares of the information technology services provider’s stock valued at $15,837,000 after buying an additional 5,782 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. bought 5,075 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 5,075 shares in the company, valued at approximately $544,141.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.43% of the company’s stock.

FIS stock opened at $118.74 on Monday. Fidelity National Information Servcs Inc has a fifty-two week low of $94.53 and a fifty-two week high of $121.75. 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 firm has a market capitalization of $38.43 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm posted $1.09 earnings per share. Fidelity National Information Servcs’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts predict that Fidelity National Information Servcs Inc will post 7.46 earnings per share 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

Several equities research analysts have recently issued reports on FIS shares. Cantor Fitzgerald reiterated a “buy” rating and set a $122.00 price objective on shares of Fidelity National Information Servcs in a research report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Friday, February 15th. Guggenheim lifted their price objective 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. Bank of America started coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, May 14th. They set a “buy” rating and a $139.00 price objective on the stock. Finally, Moffett Nathanson started coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, May 21st. They set a “buy” rating and a $147.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $130.47.

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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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