Tocqueville Asset Management L.P. Purchases Shares of 61,330 Fidelity National Information Servcs Inc (NYSE:FIS)

Tocqueville Asset Management L.P. purchased a new stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,330 shares of the information technology services provider’s stock, valued at approximately $7,524,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Signaturefd LLC lifted its stake in Fidelity National Information Servcs by 64.0% in the second quarter. Signaturefd LLC now owns 2,612 shares of the information technology services provider’s stock worth $320,000 after acquiring an additional 1,019 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in Fidelity National Information Servcs by 85.1% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,700 shares of the information technology services provider’s stock worth $1,067,000 after acquiring an additional 4,000 shares during the period. AGF Investments LLC purchased a new stake in Fidelity National Information Servcs in the second quarter worth $301,000. Great Valley Advisor Group Inc. purchased a new stake in Fidelity National Information Servcs in the second quarter worth $254,000. Finally, Nicolet Bankshares Inc. lifted its stake in Fidelity National Information Servcs by 2.8% in the second quarter. Nicolet Bankshares Inc. now owns 13,064 shares of the information technology services provider’s stock worth $1,603,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.

In other news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the transaction, the director now directly owns 8,370 shares in the company, valued at $1,025,743.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary L. Lauer sold 9,981 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total value of $1,355,120.37. Following the transaction, the director now owns 18,621 shares of the company’s stock, valued at $2,528,173.17. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.

Shares of NYSE:FIS traded up $1.91 on Tuesday, hitting $134.38. 130,977 shares of the company traded hands, compared to its average volume of 8,142,279. Fidelity National Information Servcs Inc has a 52 week low of $94.53 and a 52 week high of $137.24. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average price of $129.42. The company has a market capitalization of $42.91 billion, a P/E ratio of 25.75, a PEG ratio of 1.90 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting the consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $1.23 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Information Servcs Inc will post 6.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. Fidelity National Information Servcs’s payout ratio is presently 26.77%.

FIS has been the subject of a number of research analyst reports. Cantor Fitzgerald raised their price target on Fidelity National Information Servcs from $134.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Northcoast Research reiterated a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Oppenheimer set a $148.00 price objective on Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Susquehanna Bancshares started coverage on Fidelity National Information Servcs in a report on Friday, May 31st. They issued a “positive” rating and a $140.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average price target of $156.00.

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.

Featured Story: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Servcs Inc (NYSE:FIS).

Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.